Source: Securities Times.
Author: Chen Yukang
Over the past four months, Tsai Chongxin increased his shareholding in alibaba by approximately 1.45 million shares.
Alibaba formally completed its dual primary listing in Hong Kong on August 28. Recently, according to Alibaba's disclosure, as of August 28, Alibaba's co-founder and chairman, Tsai Chongxin, holds 0.27675 billion shares of the company's stocks, accounting for approximately 1.44%.
According to previous disclosures, as of May 20, Tsai Chongxin held 0.2753 billion shares of Alibaba stocks.
Tsai Chongxin's other role is the Chairman of Cainiao Group. At the 2024 Global Smart Logistics Summit held on September 10, Tsai Chongxin stated that Alibaba encourages and promotes Cainiao to build a logistics network for the open market, serving the diverse needs of customers while serving Alibaba's e-commerce business, and becoming the common infrastructure for global business partners.
The summit also revealed that,Cainiao plans to launch 1000 smart projects globally over the next three years.
Cai Chongxin believes that we should seize the opportunities brought by the new type of globalization and the explosion of AI technology. In the future, we should not only establish cross-border e-commerce and logistics channels, but also adapt to the global industrial layout and build a global logistics network that serves the future industrial chain and supply chain. As a leading company in smart logistics, Cainiao will make more industry-oriented technological research and development and application innovation in the field of digital logistics.
He predicts that in the future, logistics scenarios will be deeply integrated with AI technology to improve the matching relationship between commodity supply and consumer demand, and enhance the experience and cost advantages of e-commerce logistics. As a leading company in smart logistics, Cainiao will make more industry-oriented technological research and development and application innovation in the field of digital logistics.
In response to the market's concerns about Cainiao's development priorities, Cainiao Group CEO Wan Lin said: "Cainiao will continue to expand its global logistics backbone network to serve not only Alibaba e-commerce, but also open markets." It is reported that Cainiao will launch the second batch of global eHub construction, and accelerate the integration of the global logistics network into the global and regional industrial chain layout.
In the first quarter of this year, Cainiao withdrew its IPO application to the Hong Kong Stock Exchange in order to better strengthen its synergy with Alibaba's e-commerce business and continue to support the expansion of Cainiao's global logistics network investment.
Recently, Alibaba has been officially included in the Hong Kong Stock Connect. On September 9th, the Shanghai Stock Exchange and the Shenzhen Stock Exchange issued announcements adjusting the list of securities for the Hong Kong Stock Connect. Alibaba was officially included in the Hong Kong Stock Connect and will take effect from September 10, 2024. This means that southbound funds will be able to purchase Alibaba through the Hong Kong Stock Connect.
On the first trading day (September 10th) after Alibaba was included in the Hong Kong Stock Connect, the total turnover of active stocks on the Stock Connect (including Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect) was 18.177 billion Hong Kong dollars, accounting for 50.52% of the total turnover on that day. The net purchase amount was 8.393 billion Hong Kong dollars. Among the active stocks on the list, Alibaba-W had a turnover of 8.636 billion Hong Kong dollars, ranking first in turnover.
According to Alibaba's financial report for the first quarter of the 2025 fiscal year released on August 15, for a quarter ending on June 30, 2024, Alibaba achieved a revenue of 243.236 billion yuan, an increase of 4% year-on-year. The adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was 51.161 billion yuan, a decrease of 2% year-on-year. The net income was 24.022 billion yuan, a decrease of 27% year-on-year. The net income attributable to common shareholders was 24.269 billion yuan, a decrease of 29% year-on-year.
By business segment, Alibaba's core businesses, e-commerce and cloud, continue to make positive progress. Tmall Group's online GMV (Gross Merchandise Value) continues to grow steadily; Alibaba Cloud focuses on "public cloud + AI," and public cloud revenue achieved double-digit growth, while AI-related product revenue achieved triple-digit growth. Alibaba's international e-commerce business maintained strong growth, with revenue increasing 32% year-over-year to ¥29.293 billion, while international retail business grew 38%.
During the analyst conference call on the financial report for the first quarter of the fiscal year 2025, Alibaba Group CEO Wu Yongming stated: "We evaluate that most of the (non-e-commerce and cloud) business will gradually achieve profitability in the next 1-2 years and gradually begin to contribute to a scalable profit capability."
Editor/Jeffy