Hyperscaler capex

Alibaba capex, CY2025 Q2

Alibaba reported ¥38.7B of capex for CY2025 Q2, the quarter covering April to June 2025.

Alibaba provides cloud computing and AI infrastructure to businesses alongside commerce services. Its reported group capex includes infrastructure across the company.

Capex, CY2025 Q2¥38.7B

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Verified

Every field, with its source

Source per value
Reported quarter
CY2025 Q2 1
Calendar quarter
2025 Q2 1
Quarter end
2025-06-30 1
Capex (CNY) (CNY million)
38,676 1
“RMB38,676 million”
Capex definition
Reported Alibaba Group capital expenditures; includes investment in AI infrastructure and is not a cloud-segment-only figure. 1

Sources

  1. Alibaba Group results release: Alibaba CY2025 Q2 accessed 2026-11-11

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