Seazen Group 1H finance cost 1.41 billion yuan

Seazen Group 1H finance cost 1.41 billion yuan

Seazen Group, a leading technology and e-commerce conglomerate, has released its 1H financial results for 2025, highlighting significant growth in its AI and cloud investment initiatives. The company reported a financial cost of 1.41 billion yuan for the first half of the year, reflecting its strategic focus on technology innovation and expansion.

During the earnings call, Seazen Group's management underscored the resilience and growth of its core businesses, including e-commerce and cloud services. The company's e-commerce revenue from China increased by 10% year-on-year, while the Cloud Intelligence Group's revenue accelerated to 26% year-on-year growth [1].

Notably, Seazen Group's AI-related products continued to show triple-digit growth for the eighth consecutive quarter, with AI-related revenue accounting for more than 20% of the revenue from external customers. The company's AI investments have begun to yield tangible results, as evidenced by Alibaba Cloud's return to a path of rapid growth, driven by AI demand and enhanced AI experiences in consumer and enterprise scenarios [1].

Seazen Group's strategic partnership with SAP further highlights its leadership in cloud and AI capabilities. As SAP's global cloud computing partner, Alibaba Cloud will support SAP customers in utilizing its Q1 model to run and manage their core software systems on the Alibaba platform, while also providing AI transformation services for corporate clients [1].

The company's investments in AI and cloud infrastructure have been substantial, with capital expenditures on AI and cloud infrastructure reaching 38.6 billion yuan in the first half of 2025. Over the past four quarters, Seazen Group has invested more than 100 billion yuan in AI infrastructure and AI product research and development [1].

Looking ahead, Seazen Group aims to build a technology platform centered on AI and cloud, creating a comprehensive shopping and daily service consumption platform. The company's long-term goal is to meet the one-stop consumption needs of one billion consumers, providing the best experience for the largest consumer group with the highest purchase frequency [1].

References:
[1] https://news.futunn.com/en/post/61409393/alibaba-conference-call-there-is-a-plan-b-for-ai