Alibaba announces on August 20 its fiscal year 2027 first quarter results (calendar year April–June): single-quarter revenue of RMB 268.95 billion, up 9% year over year; adjusted net profit of RMB 20.72 billion; and adjusted EPS per ADS of RMB 8.52. The company said that during the reporting period it continued to increase AI investment. This quarter’s profitability performance was relatively weak, while it also advanced the strategic integration of some businesses to strengthen its full-stack AI capabilities. This reflects that leading Chinese internet/tech companies are stepping up the AI capital expenditure race; in the short term, profit pressure may weigh on sentiment toward BABA and the broader China tech sector. $BABA is for informational purposes only and does not constitute investment advice.