Alibaba reported its performance for the quarter ending in December 2024. Overall revenue increased by 8% from the same period in the previous year to 280.154 billion RMB. Net profit saw a significant rise of 333% to 46.434 billion RMB, mainly due to increased operational profits and the company’s increased investment value.
Alibaba Cloud was a highlight of the quarterly performance, with total revenue increasing by 13% to 31.742 billion RMB. The AI segment showed a triple-digit growth, with EBITDA increasing by 33% and a continuous improvement in profit margins. Alibaba views AI as a key accelerator and plans to increase investments in this area.
The domestic e-commerce business in China saw revenue of 100.79 billion RMB, up by 9% reflecting market recovery. International e-commerce revenue was 37.756 billion RMB, recording a substantial 32% growth. However, Cainiao’s transportation business saw a 1% decline in revenue to 28.241 billion RMB.
Eddie Wu, CEO of Alibaba Group, stated that the company envisions revenue growth through AI integration across all business segments including e-commerce and cloud services.
TLDR: Alibaba’s quarterly report showed an 8% increase in revenue and a significant 333% rise in net profit. Alibaba Cloud’s performance was exceptional with a 13% revenue increase, particularly in the AI segment. The company plans to further invest in AI integration across all business segments.
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