Alibaba repurchased $162 million in shares during the June 2026 quarter, a significant decrease of approximately 80% from $815 million in the same period last year. Meanwhile, the company's capital expenditure on AI infrastructure increased by 75% year-over-year, reaching RMB 67.678 billion. CEO Eddie Wu stated that AI has become Alibaba's "most certain growth engine." The company's newly disclosed AI Labs and Applications division reported an adjusted EBITA loss of RMB 13.861 billion, while AI Cloud and Computing Services revenue grew by 45%.