Alibaba Note 2(c) Variable Interest Entities (VIEs) by Year

Alibaba Note 2(c) Variable Interest Entities (VIEs): 156,369M in FY2026, up 13.6% from a year earlier. That is the highest of the 12 years on record here.

“|| Revenue (i) | 117,686 | 137,708 | 156,369”

Source: Alibaba Group Form 20-F Annual Report (filed 2026-05-20) ↗

Form 20-F Note 2(c) Condensed Financial Information of all consolidated VIEs and their subsidiaries (FY2015–FY2026).

• VIEs — Net Loss (RMB M)-914 · FY2026
• VIEs — Net Cash Provided by (Used in) Operating Activities (RMB M)9,584 · FY2026
• VIEs — Net Cash Used in Investing Activities (RMB M)-39,440 · FY2026
• VIEs — Net Cash Provided by Financing Activities (RMB M)28,958 · FY2026
• VIEs — Cash and Cash Equivalents and Short-Term Investments (RMB M)7,910 · FY2026
• VIEs — Investments in Equity Method Investees & Equity Securities (RMB M)34,987 · FY2026
• VIEs — Accounts Receivable and Contract Assets, Net (RMB M)21,893 · FY2026
• VIEs — Amounts Due from Non-VIE Subsidiaries (RMB M)46,446 · FY2026
• VIEs — Property and Equipment & Intangible Assets, Net (RMB M)47,887 · FY2026
• VIEs — Other Assets (RMB M)53,810 · FY2026
• VIEs — Total Assets (RMB M)212,933 · FY2026
• VIEs — Amounts Due to Non-VIE Subsidiaries (RMB M)136,348 · FY2026
• VIEs — Accrued Expenses, Accounts Payable and Other Liabilities (RMB M)64,338 · FY2026
• VIEs — Deferred Revenue and Customer Advances (RMB M)21,826 · FY2026
• VIEs — Total Liabilities (RMB M)222,512 · FY2026

See every metric in the Alibaba KPI table. Data updated Oct 25, 2026.