Alibaba capex by quarter
Alibaba reported ¥67.7B of capex for CY2026 Q2, +75% on the same quarter a year earlier. The table holds 5 quarters from CY2025 Q2 to CY2026 Q2.
Alibaba provides cloud computing and AI infrastructure to businesses alongside commerce services. Its reported group capex includes infrastructure across the company. Definition: Reported Alibaba Group capital expenditures; includes investment in AI infrastructure and is not a cloud-segment-only figure.
Capex by calendar quarter
CNY, as reported- Alibaba
| Calendar quarter | Alibaba |
|---|---|
| Q2 2025 | ¥38.7B |
| Q3 2025 | ¥31.5B |
| Q4 2025 | ¥29B |
| Q1 2026 | ¥26.9B |
| Q2 2026 | ¥67.7B |
Every reading
Open in the sortable table| Reported quarter | Calendar | Capex | YoY | Guidance | Announced | Source |
|---|---|---|---|---|---|---|
| CY2026 Q2 | Q2 2026 | ¥67.7B | +75% | — | — | data.alibabagroup.com |
| CY2026 Q1 | Q1 2026 | ¥26.9B | — | — | — | data.alibabagroup.com |
| CY2025 Q4 | Q4 2025 | ¥29B | — | — | — | data.alibabagroup.com |
| CY2025 Q3 | Q3 2025 | ¥31.5B | — | — | — | data.alibabagroup.com |
| CY2025 Q2 | Q2 2025 | ¥38.7B | — | — | — | data.alibabagroup.com |
Also in China cloud
- Tencent¥52.8B in CY2026 Q2
- Baidu¥11.4B in CY2026 Q2
- China cloud: all companies togethergroup page
- How we define capex per companymethodology