Alibaba Q4 FY26 — revenue RMB243.4B (+3% Y/Y) misses, but Cloud Intelligence +38% on AI; non-GAAP net income RMB86M (<meta name="viewport" content="width=device-width, initial-scale=1.0" />2M) collapses 100% Y/Y on AI capex + quick-commerce losses; BABA -3%

2M) collapses 100% Y/Y on AI capex + quick-commerce losses; BABA -3%" /> 2M) collapses 100% Y/Y on AI capex + quick-commerce losses; BABA -3%" />

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