On August 20, Alibaba (09988.HK) reported a revenue of 269 billion yuan for Q1 of FY2027, compared to 247.65 billion yuan in the same period last year, marking a 9% year-on-year increase. The external revenue growth of Alibaba Cloud accelerated to 45%, and revenue from artificial intelligence-related products achieved triple-digit growth.
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Alibaba Q1 Revenue for FY2027 Reaches 269 Billion Yuan, Up 9% Year-on-Year
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