As of the six months ending September 30, 2024, alibaba's revenue reached 479.739 billion yuan, a year-on-year increase of 5%; net profit was 67.569 billion yuan, a year-on-year growth of 13%. Operating profit was 71.235 billion yuan, a year-on-year decrease of 6%. Diluted eps was 3.50 yuan, a year-on-year increase of 16%. Management pointed out that revenue growth was mainly driven by strong performance in the international retail business and the asia vets group; however, the decline in operating profit was primarily due to increased stock-based incentive expenses and rising investments in the e-commerce business. The adjusted EBITA of the asia vets group grew by 115%, showcasing the high-profit contributions of public cloud products. The revenue of alibaba's...Show More

As of the six months ending September 30, 2024, alibaba's revenue reached 479.739 billion yuan, a year-on-year increase of 5%; net profit was 67.569 billion yuan, a year-on-year growth of 13%. Operating profit was 71.235 billion yuan, a year-on-year decrease of 6%. Diluted eps was 3.50 yuan, a year-on-year increase of 16%. Management pointed out that revenue growth was mainly driven by strong performance in the international retail business and the asia vets group; however, the decline in operating profit was primarily due to increased stock-based incentive expenses and rising investments in the e-commerce business. The adjusted EBITA of the asia vets group grew by 115%, showcasing the high-profit contributions of public cloud products. The revenue of alibaba's international digital business group grew by 31%, but adjusted EBITA losses widened, mainly due to increased investments in AliExpress and Trendyol. Looking ahead, alibaba faces major risks including economic fluctuations in china and globally, geopolitical tensions, and exchange rates volatility. The company will continue to focus on improving operational efficiency and driving high-quality revenue growth. Management emphasized the ongoing investment in technology and infrastructure to support long-term growth.