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In the analyst conference call for the fourth quarter of the 2025 fiscal year, Alibaba stated that excluding Da Runfa and Yintai, the overall revenue of the group increased by 10% year-on-year. During the quarter, Alibaba officially completed the sale of Gaoxin Retail and Yintai Department Store, forming a development framework for AI+ cloud, e-commerce, and other internet platform business.
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