, China
Source: www.alibabagroup.com

Alibaba Group records $3.2b net loss in September 2022 quarter

Its revenue increased by 3% YoY to around $29.1b.

Alibaba Group posted around $3.2b (RMB22.5b) net loss in the quarter ending in September 2022, following a net income of around RMB3.4m in the same period last year.

In a statement, the company said the net loss attributable to ordinary shareholders was at $2.89b (RMB20.6b).

Alibaba said the net loss was “primarily attributable to an increase in net losses arising from the decrease in market prices of our equity investments in publicly-traded companies and a decrease in share of results of equity method investees, partly offset by the increase in adjusted EBITA(earnings before interest, taxes, and amortisation).”

The group’s EBITA rose 29% year-on-year (YoY) to around $5.1b (RMB36.2b).

READ MORE: Alibaba, Pinduoduo amongst top 25 retailers globally

Its revenue increased by 3% YoY to $29.1b (RMB207.2b), with income from operations reporting a 68% YoY growth to $3.5b (RMB25.1b).

The rise in income operations was due to the adjusted EBITA and decline in share-based compensation expense

“We generated another quarter of healthy revenue growth of 3% year-over-year in spite of the impact on consumption demand by the COVID-19 resurgence in China as well as slowing cross-border commerce due to increasing logistics costs and foreign currency volatility,” said Alibaba Group CFO Toby Xu.

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.