Alibaba Earnings Call: In the next five years, cloud and AI revenue will exceed $100 billion, and MaaS will be Alibaba Cloud’s largest revenue product.

```

On March 19, at Alibaba Group’s FY2026 Q3 earnings call, CEO Wu Yongming stated that Alibaba Cloud’s external commercialization revenue for FY2026, as of the end of February, officially surpassed RMB 100 billion. In the face of long-term growth momentum in the AI market, Alibaba Group’s commercial objective for its AI strategy is also very clear—the goal is to exceed $100 billion in cloud and AI commercialization revenue, including MaaS, over the next five years.

According to Alibaba management, the self-developed GPU chips by Pingtouge have achieved large-scale mass production, with a total of 470,000 units delivered as of February 2026. In Alibaba Cloud’s actual business scenarios, over 60% of Pingtouge chips serve external commercial clients and have completed large-scale commercial customer AI task adaptation, supporting AI tasks for more than 400 enterprise clients spanning industries such as internet, financial services, autonomous driving, and more.

Wu Yongming also stated that Alibaba has established a complete, full-stack AI capability from AI Infra to application, and is accelerating the construction of the MaaS platform. In the past three months, token consumption for public model services on the Bailian MaaS platform has increased six-fold, and it is expected that commercial MaaS revenue will become Alibaba Cloud’s largest revenue product.

Updating.......

Risk Disclaimer and Limitation of LiabilityThe market has risks, and investment should be approached with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions expressed in this article are suitable for their particular circumstances. Any investment made accordingly is at your own risk. ```