Alibaba Group Holding Limited, the Chinese multinational conglomerate specializing in e-commerce, retail, Internet, and technology, filed its Form 6-K with the United States Securities and Exchange Commission (SEC) on November 18, 2024. The report detailed Alibaba's operating and financial review and prospects for the six months ended September 30, 2024, including unaudited condensed consolidated financial statements for the six months ended September 30, 2023, and 2024. The report highlighted a 5% year-over-year revenue increase to RMB 479.739 billion (US$68.362 billion) and a 13% increase in net income to RMB 67.569 billion (US$9.629 billion). However, income from operations saw a 6% decrease, and non-GAAP net income fell by 9%. The report also included updates on Alibaba's organizational structure, strategies, business plans, and risk factors. Kevin Jinwei Zhang, Company Secretary, signed the report, indicating the company's compliance with SEC regulations. The financial results showed mixed performance with revenue growth but decreased profitability in certain areas, reflecting increased investments in e-commerce and changes in the company's equity investments.

Alibaba Group Holding Limited, the Chinese multinational conglomerate specializing in e-commerce, retail, Internet, and technology, filed its Form 6-K with the United States Securities and Exchange Commission (SEC) on November 18, 2024. The report detailed Alibaba's operating and financial review and prospects for the six months ended September 30, 2024, including unaudited condensed consolidated financial statements for the six months ended September 30, 2023, and 2024. The report highlighted a 5% year-over-year revenue increase to RMB 479.739 billion (US$68.362 billion) and a 13% increase in net income to RMB 67.569 billion (US$9.629 billion). However, income from operations saw a 6% decrease, and non-GAAP net income fell by 9%. The report also included updates on Alibaba's organizational structure, strategies, business plans, and risk factors. Kevin Jinwei Zhang, Company Secretary, signed the report, indicating the company's compliance with SEC regulations. The financial results showed mixed performance with revenue growth but decreased profitability in certain areas, reflecting increased investments in e-commerce and changes in the company's equity investments.