On August 20, Alibaba Group released its financial report for the first fiscal quarter of the 2027 fiscal year. In the analysts' conference call, Alibaba Group CEO Wu Yongming said that judging from industry trends and Alibaba's own product advantages, AI Cloud's long-term revenue growth and profit margin growth momentum is very strong. There is strong confidence in accelerating the goal of 100 billion US dollars of external cloud commercial revenue by 2030. Alibaba Cloud has achieved a profit margin of more than 20%, and has strong visibility.

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