Alibaba's Q4 Net Profit Falls 11%, Overseas E-commerce Revenue Surges 45%, Announces 4 Billion Yuan Dividend
Earnings Call Highlights:
- Revenue Growth Outlook: Alibaba expects to resume double-digit revenue growth, with Taotian Group's "user-first" strategy showing results and confidence in maintaining market share leadership. Emphasis on full-site promotion as Chinese consumers demonstrate a willingness to spend.
- Revenue Growth Outlook: Alibaba expects to resume double-digit revenue growth, with Taotian Group's "user-first" strategy showing results and confidence in maintaining market share leadership. Emphasis on full-site promotion as Chinese consumers demonstrate a willingness to spend.
- Key Performance Metrics:
- Taotian Group: Online GMV (Gross Merchandise Volume) grew by double digits.
- Alibaba Cloud: Core public cloud product revenue also saw double-digit growth.
- International Commerce: Overseas e-commerce revenue achieved a robust 45% year-on-year increase.
- $Cainiao Smart Logistics Network Limited(810537.HK$ Cainiao (Logistics): Revenue grew by 30% year-on-year, but losses expanded by more than threefold.
- Local Services & Digital Media: Losses narrowed in these segments.
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