Key Takeaways Alibaba's quick commerce segment grew 12% year over year, led by Taobao Instant Commerce.Heavy spending drove a 14% drop in adjusted EBITDA and negative free cash flow for Alibaba.Alibaba aims to build scale and efficiency through Ele.me integration and supply chain leverage.Alibaba's (BABA) aggressive bet on quick commerce is emerging as one of its most ambitious initiatives. In the first quarter of fiscal 2026, the segment delivered 12% year-over-year revenue growth, fueled by the success of ...