On the evening of August 15th, Alibaba Group announced its first quarter performance for the fiscal year 2025, with strategic focus and sustained investment yielding results. The two core businesses of e-commerce and cloud continued to make positive progress: Taobao Group maintained stable growth in online GMV, Alibaba Cloud focused on "public cloud+AI", with double-digit growth in public cloud business revenue and double-digit growth in AI related product revenue.
This quarter's performance indicates that our strategy has been effective. We are focused on improving user experience through good goods, good prices, and good services, driving Taobao Group to stabilize market share and return to a growth track. Our cloud computing business revenue has achieved positive growth momentum, thanks to the increased adoption of public cloud and artificial intelligence related products. We will continue to invest to maintain our market leading position, "said Alibaba Group CEO Wu Yongming.
Taobao's user experience investment is effective, market share is stable, and GMV continues to grow
Taotian Group insists on increasing investment in improving user experience and optimizing the business ecosystem, and has successively launched a series of reform and innovation measures, achieving significant results.
To improve user experience, Taobao has taken the lead in canceling the official pre-sale of "618" and launched measures such as full price protection for major promotions, and upgraded its 88VIP membership benefits within the quarter. These investments focused on "putting users first" have continued to yield results. This quarter, online GMV achieved stable growth, with double-digit growth in order volume compared to the same period last year. The number of buyers and purchase frequency continued to increase, and the number of 88VIP members exceeded 42 million. During the 618 shopping festival, the GMV on Taobao experienced strong year-on-year growth.
Taotian has also launched a series of measures to enhance the long-term business confidence of merchants: during the quarter, business advisors will be fully free, and the subsidy for industry consumption vouchers will be increased during the "618" period. On July 26th, Taobao announced more measures, including optimizing the "refund only" rule, launching the "store comprehensive experience score", etc., to create a healthier business ecosystem for merchants and achieve sustainable growth. The "full site promotion" has recently been launched in full, which will help businesses achieve certain business growth.
Alibaba Cloud's revenue growth rate is accelerating, with double-digit growth in public cloud revenue and triple digit growth in AI product revenue
Alibaba Cloud focuses on the high-quality growth strategy of "public cloud+AI" and has shown positive growth momentum this quarter, with double-digit growth in public cloud revenue and triple digit growth in AI related product revenue. Alibaba Cloud's quarterly adjusted EBITA has grown strongly by 155% year-on-year.
Alibaba Cloud continues to invest in technological infrastructure construction to maintain its market leading position. In Gartner's 2024 Magic Quadrant for Data Science and Machine Learning Platforms, Alibaba Cloud has jumped to the Challenger Quadrant, becoming the only Asian cloud service provider to be included in the report. At the Paris Olympics, over two-thirds of the Olympic television and live streaming signals were distributed globally through Alibaba Cloud.
With its powerful cloud+AI technology and product capabilities, Alibaba Cloud supports the large-scale model applications of technology companies such as Moonlit and Zhaopin.
Open source has brought new business growth to Alibaba Cloud. During the quarter, Alibaba Cloud released the open-source model Qwen2-72B. The number of paying users using Alibaba Cloud AI platform Bailian has increased by over 200% month on month. Over a hundred large model APIs have been integrated on Bailian, providing developers with diverse model choices.
The overseas business maintains high-speed growth, while the operational efficiency of other multiple businesses improves and losses are significantly reduced
This quarter, the synergistic effect of cross-border business and cross-border fulfillment services continues to emerge, driving Alibaba International Digital Business Group and Cainiao Group to maintain high-speed growth. Among them, Alibaba International Digital Business Group's revenue increased by 32% year-on-year. Cainiao's quarterly revenue increased by 16% year-on-year.
Multiple businesses outside of e-commerce and cloud are continuously improving operational efficiency, resulting in a significant improvement in losses. This quarter, due to improved operational efficiency and increased business scale, the local lifestyle group achieved a significant reduction in losses. The quarterly operating performance of Gaoxin Retail, Hema, Alibaba Health, and Lingxi Interactive Entertainment has also improved.
Market analysts believe that the fiscal year 2025 will be a year for Alibaba to adhere to its strategic direction and consolidate the results of its transformation. In the past few quarters, investments in improving consumer experience, AI infrastructure, and technological capabilities have brought positive changes to the business, confirming the effectiveness of the investments and expected to yield more solid results within the fiscal year. real-time info