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On May 14, Alibaba released financial reports showing that the Group's fourth quarter revenue was 221.87 billion yuan, up 6.6% year on year, exceeding market estimates of 219.79 billion yuan. Adjusted revenue per ADS was RMB 10.14, or RMB 10.71 for the same period last year; adjusted profit before interest, tax, depreciation and amortization was RMB 30.81 billion, down 4.1% year on year, estimated at RMB 30.38 billion; adjusted net profit was RMB 24.42 billion, down 11% year on year.
After the financial report was announced, Alibaba's pre-market decline in US stocks widened to 4%.
Meanwhile, Alibaba announced a one-time special cash dividend.
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