Guided by our "Customer First, AI-Driven" strategy, we have focused our business on two core areas: e-commerce and cloud. We provide technology infrastructure and marketing platforms to merchants, brands, retailers, and other enterprises, enabling them to leverage new technologies to engage with users and customers and operate more efficiently. We also offer cutting-edge cloud and AI infrastructure and services to help businesses accelerate their digital transformation and fuel growth. AI will drive the creation of user value across e-commerce and other internet platforms, facilitating business transformation and upgrading. In fiscal year 2025, our business segments include Taotian Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, Cainiao Group, Local Consumer Services Group, Whale Entertainment Group, and all other entities. Centered around our platforms and businesses, an ecosystem has taken shape that encompasses consumers, merchants, brands, retailers, enterprises, third-party service providers, strategic partners, and other stakeholders. To advance our "Customer First" strategy and further enhance the overall user experience, in fiscal year 2026 Taotian Group, Ele.me, and Fliggy will be integrated into the China E-commerce Business Group, elevating the e-commerce platform to a comprehensive consumer platform. Meanwhile, Cainiao, Amap, and Whale Entertainment Group will be reclassified under "All Other."
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Alibaba Group Holding Limited is an investment holding company primarily engaged in providing technology infrastructure and marketing platforms. The company operates through nine segments. The China Retail Commerce segment is primarily engaged in China's retail commerce business, including customer management services and merchandise sales, as well as direct operations such as Tmall Supermarket and Tmall Global. The China Wholesale Commerce segment is primarily engaged in operating 1688.com, including membership fees and related value-added services, as well as revenue from customer management services. The Cloud Intelligence segment is primarily engaged in providing cloud services, including public cloud services and non-public cloud services. The International Retail Commerce segment is primarily engaged in operating AliExpress, Lazada, and Trendyol, including revenue from customer management services, merchandise sales, and logistics services. The International Wholesale Commerce segment is primarily engaged in operating Alibaba.com, including membership fees and related value-added services, as well as customer management services. The Cainiao segment is primarily engaged in providing domestic and cross-border logistics fulfillment services. The Local Consumer Services Group segment's revenue mainly includes platform commissions, logistics service revenue generated from providing instant delivery services, revenue from other services provided by Ele.me, and software and technology service revenue provided by Amap. The Digital Media and Entertainment Group segment is primarily engaged in operating Youku and Ali Pictures, including membership fees, content investment income, customer management services, and ticketing services. All other segments are primarily engaged in businesses such as Sun Art Retail, Freshippo, Ali Health, Lingxi Interactive Entertainment, Intime, Intelligent Information, Fliggy, and DingTalk.