Alibaba capex, CY2025 Q4

Alibaba reported ¥29B of capex for CY2025 Q4, the quarter covering October to December 2025.

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

Capex, CY2025 Q4¥29B

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Verified 11 Nov 2026

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Source per value

Reported quarter: CY2025 Q4 1
Calendar quarter: 2025 Q4 1
Quarter end: 2025-12-31 1
Capex (CNY) (CNY million): 28,999 1
“RMB28,999 million”
Capex definition: Reported Alibaba Group capital expenditures in the discussion of investing cash flow; company-wide rather than cloud-only. 1

Sources

Alibaba Group results release: Alibaba CY2025 Q4 accessed 2026-11-11

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