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what kind of level of CapEx investment is required in order to satisfy the demand from both MaaS
Are we aiming for market share or hoping to take this opportunity to improve unit economics, reduce loss
My question is related to cloud business. How should we look at the growth outlook going forward?
how should we look at the rate of return on invested capital from these investments?
provide some guidance for the FY 2026 fiscal year in terms of cloud service revenues
how should we think about Alibaba's strategy to tap into the application or software layer?
I'm wondering if that would mean that in the next quarter, CMR could actually grow faster than GMV is growing.