June Alibaba proactively enhanced its corporate governance and increased its transparency by further breaking down its commerce segment into a few segments for financial reporting disclosure.(1) Cainiao entered into a strategic partnership with the Hainan government to co-develop its global smart supply ...
Alibaba Cloud's revenue in the third quarter of 2024 was 28.066 billion yuan, a 3% increase from 27.364 million yuan in the same period in 2022, according to the quarterly results announced by Alibaba Group on Wednesday evening. The revenue growth was mainly attributed to internal cloud use as...
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In the financial report, Alibaba explained that this was mainly due to the reduction of project-based contract revenue with lower profit margins, in order to continuously improve the quality of revenue. The revenue from public cloud products and services grew healthily year-over-year. Compared to ...
Hangzhou, China, July 22, 2022- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced that it will report its unaudited financial results for the quarter ended June 30, 2022 before the U.S. market opens on Thursday, August 4, 2022,...
In the financial report, Alibaba explained that this was mainly due to the reduction of project-based contract revenue with lower profit margins, in order to continuously improve the quality of revenue. The revenue from public cloud products and services grew healthily year-over-year. ...
Alibaba's billionaire founder Jack Ma retreated frompublic viewafter a public speech in 2020 accusing financial regulators of stifling growth. He said in January he would cede control of Ant, which operates Alipay, the world's largest digital payments platform. ...
Meituan has also gained significant benefits from this. Data shows that in 2022, Meituan achieved a GMV of 1.1 trillion yuan, with Meituan Youxuan contributing 13%. According to the financial report for the second quarter of 2023, as of the end of June this year, the number of ...
Meituan has also gained significant benefits from this. Data shows that in 2022, Meituan achieved a GMV of 1.1 trillion yuan, with Meituan Youxuan contributing 13%. According to the financial report for the second quarter of 2023, as of the end of June this year, the number of transactio...
Alibaba Group financial statements provide useful quarterly and yearly information to potential Alibaba Group Holding investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of...