Alibaba: Real-time retail scale expands, AIDC continues to improve efficiency.

Alibaba's revenue in China's e-commerce group increased by 6% year-on-year to 159.347 billion yuan, with steady user growth, continuing to consolidate its competitive advantage. This quarter, the monthly active consumers on the Taobao app saw double-digit growth year-on-year, while the number of 88VIP members continued to grow by double digits year-on-year, exceeding 59 million. This quarter, the scale of the instant retail business further expanded, improving user experience and optimizing operational efficiency. Benefiting from the improvement of fulfillment logistics efficiency, improvement of order structure, and high customer retention rate, the revenue of the instant retail business increased by 56% year-on-year, with continuous improvement in unit economic benefits and average order value on a month-on-month basis.