, China
684 views

Alibaba Group 2022 net income drops nearly 60% to US$9.77b

The Group linked this to decreases in market prices of its equity investments.

The Alibaba Group posted a full-year net income of US$9.77b in 2022, reflecting a 59% drop in 2021. 

The Group linked this to net losses that stemmed from decreases in market prices of their equity investments in publicly traded companies. 

Over the same period Alibaba recorded a 19% year-on-year increase to US$134.56b in revenue, which was driven by its China commerce, cloud and international commerce segments. 

In the year ended March 2022, Alibaba saw its China commerce segment grow by 18% YoY to US$93.49b, whilst its cloud and international commercial segments climbed by 23% YoY to US$11.76b and 25% YoY to US$9.63b, respectively. 

“Alibaba delivered on the goal of serving one billion annual active consumers in China this past quarter and achieved a record RMB8,317b in global gross merchandise value for the fiscal year,” Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group, said. 

“Despite macro challenges that impacted supply chains and consumer sentiment, we continued to focus on customer value proposition and building the capabilities to deliver value.” 

For his part, Toby Xu, Chief Financial Officer of Alibaba Group, said the company will continue to make investments in strategic initiatives to sustain its growth momentum.

“Looking ahead to fiscal year 2023, we will firmly focus on generating sustainable, high-quality revenue growth and optimizing our operating cost structure to enhance overall return amidst these uncertain times.”

 

Follow the link for more news on

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

K3Mart memadukan budaya Korea dan produk UMKM lokal dalam satu gerai

Convenience store itu menyediakan perbandingan produk impor dan produk lokal sebesar 50:50 di 30 outlet mereka.

Meningkatkan penelusuran dan efisiensi manajemen inventaris dengan barcode 2D GS1

Barcode 2D ini berfungsi sebagai penyimpanan data yang kompak.

The Coffee Bean & Tea Leaf menyeimbangkan kualitas dan kenyamanan melalui produk ritel

Mereka memperluas rangkaian produk termasuk berbagai kopi single-origin yang disesuaikan dengan preferensi pemanggangan yang berbeda.

KCG menguasai brand positioning untuk segmen premium di Indonesia

Mereka mengadopsi solusi berbasis teknologi terbaru untuk sukses mengelola 92 toko ritel di 20 kota di Indonesia.

Ini alasan brand-brand mewah meningkatkan investasi AI

Sektor ini telah menginvestasikan lebih dari $360 juta dalam AI selama tiga tahun terakhir.

Bacha Coffee menguasai retail kaya sensorik di Jakarta

Memadukan warisan dan kemewahan, Bacha Coffee Plaza Senayan menghadirkan pengalaman unik bagi pecinta kopi Indonesia.

Bagaimana WCT Malls meningkatkan penjualan tenant melalui pemasaran terarah

Melalui pemasaran terarah, mal ini meningkatkan penjualan tenant dan tingkat okupansi.