阿里财报：云收入增长45%创新高、利润暴增133%，模型发布全面提速

TL;DR - Alibaba reported accelerating AI-cloud growth alongside rapid releases across its Qwen and Wan model families. The results suggest its investments in models, chips, and cloud infrastructure are translating into broader adoption and stronger commercial performance.

• Alibaba Cloud’s external commercial revenue grew 45%, while AI-related product revenue rose by triple digits for the 12th consecutive quarter.
• The open-weight Qwen3.8-Max has 2.4 trillion parameters and reportedly ranked third on CodeArena and first on Artificial Analysis’s agentic benchmark.
• Alibaba also updated image, speech, video, and music models, including Qwen-Image-3.0, Qwen-Audio-3.0-TTS, Wan3.0, and HappyShrimp.
• Its full-stack strategy spans proprietary chips, agent products, and cloud infrastructure; the Zhenwu AI chip is reportedly used by more than 650 customers across over 20 industries.