Alibaba earnings call: Group's overall revenue increased by 10% year-on-year excluding Da Runfa and Yintai.

In the analyst conference call for the Q4 fiscal year 2025, Alibaba stated that excluding revenue from Sun Art Retail Group and Intime Retail Group, the overall revenue grew by 10% year-on-year. During the quarter, Alibaba officially completed the sale of Gaoxin Retail and Intime Department Store, basically forming a development pattern of AI + Cloud, e-commerce, and other internet platform businesses.