Alibaba operates e-commerce marketplaces and cloud infrastructure. Its largest segment, the China E-Commerce Group, manages the Taobao and Tmall platforms. Alibaba utilizes a marketplace model, generating customer management revenue by charging merchants for advertising and marketing services instead of selling inventory directly. The International Digital Commerce segment operates global platforms including AliExpress and Lazada. Alibaba Cloud is China’s largest public cloud provider, offering compute, storage, and AI services through a consumption-based model. Alibaba Cloud is shifting its focus toward Model-as-a-Service and AI products, utilizing proprietary T-Head chips and Qwen foundation models to improve margins and capture AI demand. Alibaba's strategy centers on integrating its various services—including e-commerce, local mapping via Amap, and travel—into the Taobao app. This strategy includes an expansion into quick commerce through Taobao Instant Commerce to provide on-demand delivery. Supporting these businesses is the Cainiao logistics network and Freshippo grocery retail. Alibaba also operates wholesale marketplaces and digital media platforms. Alibaba earns revenue through merchant service fees, commissions, and cloud usage fees while investing in infrastructure to scale its AI capabilities.