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In the latest reporting period of Q4'26, the Current Contract Liabilities for BABA reached 77.13B USD. This represents a slight sequential increase from the 76.84B USD recorded in Q3'26, indicating a steady accumulation of unearned revenue. The chart data from Q1'24 to Q4'26 reveals a period of moderate volatility with an overall stable trend. After peaking at 82.71B USD in Q3'25, the figures saw a significant decline toward Q1'26, followed by a consistent three-quarter recovery leading into the most recent period.