Alibaba announced its results in the third quarter of fiscal year 2023, after which it fell more than 4%
Its revenue in the third quarter was 247.76 billion yuan, up 2% year on year; The net profit was 46.815 billion yuan, up 138% year on year; The non-GAAP net profit was 49.932 billion yuan, up 12% year on year, both exceeding market expectations.
The announcement showed that the number of units recorded by online physical goods GMV of Taobao and Tmall fell year-on-year during the period. This is mainly due to the reduction of consumer demand, the continued competition, and the impact of the epidemic on the supply chain and logistics in December.
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102922170 : But share price still falls....
Btan : It is normal for such swings. Focus on the long term
KuriesOP Btan:
whqqq Btan: You 're right. Focus on the long term.