China’s 2026 goods exports clear $4.0 trillion, against a consensus of $3.6–3.7tn.
GACC publishes the full-year total, on the US dollar basis, in January 2027.
World oil demand in 2030 is 105 ± 1.5 mbpd.
United States oil production falls 1–2 mbpd by 2028, from roughly 13.8 mbpd in 2026.
Alibaba Cloud revenue of ¥45–50bn in the March 2026 quarter.
Segment revenue grew 38% and external revenue 40%.3 The direction held; the level did not.
Alibaba China E-commerce Group adjusted EBITA of ¥37–39bn in the March 2026 quarter.
Against ¥39.7bn a year earlier.3 Quick-commerce volume grew faster than unit economics improved, so the burn rose rather than tapered.
Model and application services ARR clears ¥10bn by the June 2026 quarter.
Stated on the August call, with the ¥30bn year-end target reaffirmed.4
Alibaba Cloud external revenue grows 45% or better in the June 2026 quarter.
Cloud adjusted EBITA margin clears 10% by the September 2026 quarter.
Adjusted EBITA of ¥5.63bn on ¥48.44bn of segment revenue, one quarter inside the horizon.5
Two IEA series exist and they are not interchangeable. This grades against the annual demand series in the Oil Market Report, not the medium-term Oil 2025, which sits about 1.1 mbpd away on the same year.↩
Graded on outcome rather than mechanism: production flat or higher in 2028 fails the claim whatever the cause.↩
Alibaba China E-commerce Group and Cloud Intelligence Group segment lines, March 2026 quarter. Alibaba Group Announces March Quarter 2026 and Fiscal Year 2026 Results.↩
The series is the annualized recurring revenue of Alibaba’s model and application services, including MaaS, given on the earnings call rather than in the results announcement.
It is not the AI-related product revenue line, ¥12.38bn for the same quarter, which counts quarterly revenue across every AI product.↩
AI Cloud and Compute Services, June 2026 quarter: Cloud Intelligence Group combined with T-Head, prior periods recast to the new structure. Revenue ¥48,437mn, adjusted EBITA ¥5,628mn against ¥2,419mn a year earlier. Alibaba Group Announces June Quarter 2026 Results.↩