阿里巴巴(9988.HK):电商和云增长提速,AI投入坚定不改 | 国盛海外

GS海外研究
26 May

本文节选自2025年5月19日发布的报告《阿里巴巴(9988.HK):电商和云增长提速,AI投入坚定不改》摘 要阿里巴巴发布2025年3月季度业绩。阿里巴巴FY2025Q4财季(截至2025年3月自然季度)录得总收入2364.54亿元,同比增长7%。本季non-GAAP归母净利润约300亿元,同比增长18%。按业务条线看:1)淘天集团录得1014亿元收入,同比增长9%;经调整EBITA约417亿元...

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