Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on November 17, Alibaba today released a report on the second quarter of fiscal year 2023 ending September 30, 2022.

Alibaba's revenue in the second quarter was 207.176 billion yuan ($29.124 billion), up 3 percent from 200.69 billion yuan in the same period last year, according to the financial report. The net loss was 22.467 billion yuan ($3.158 billion), compared with a net profit of 3.377 billion yuan in the same period last year. Without non-GAAP, net profit was 33.82 billion yuan ($4.754 billion), up 19% from 28.524 billion yuan a year earlier.

CTOnews.com learned that Alibaba's income from Chinese retail businesses in the three months ended September 30, 2022 was 131.222 billion yuan ($18.447 billion), down 1% from 131.946 billion yuan in the same period in 2021. Customer management income fell 7% from a year earlier.

Alibaba's income from wholesale business was 4.209 billion yuan ($592 million) in the three months ended September 30, 2022, up 1% from 4.174 billion yuan in the same period in 2021.

In the quarter ended September 30, 2022, online physical goods GMV (excluding unpaid orders) of Taobao and Tmall recorded a year-on-year decline, mainly due to reduced consumer demand, repeated COVID-19 epidemic and continued competition.

In the three months ended September 30, 2022, Alibaba's income from international retail business was 10.738 billion yuan ($1.51 billion), up 3 percent from 10.375 billion yuan in the same period in 2021.

In the three months ended September 30, 2022, Aliyun's business revenue was 20.76 billion yuan, an increase of 4% over the same period last year, and the market estimated 21.11 billion yuan.

In the three months to September 30, 2022, Cainiao's operating revenue rose 26 per cent year-on-year to 18.282 billion yuan, while the share of external income further rose to 73 per cent.

As of September 30, 2022, Alibaba had a total of 243903 employees and 245700 as of June 30, 2022.

Alibaba said that before the formal completion of the conversion of major listings in Hong Kong, a new employee stock ownership plan needs to be developed and submitted to shareholders for approval. In view of the above, the major listing will not be completed by the end of 2022 as originally planned.

After the release of the results, Alibaba's US stock rose more than 1 per cent before trading, after falling more than 3 per cent at one point. It was authorized by the board of directors to increase the existing share buyback plan by an additional $15 billion and to extend the validity period until the end of March 2025.

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