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

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to CTOnews.com news on May 18, Alibaba today released its financial results for the fourth quarter and the whole year of fiscal year 2023 ended March 31, 2023. (note: Alibaba's fiscal year is out of sync with the natural year, starting on April 1 of each year and ending on March 31 of the second year). The company reported fourth-quarter revenue of 208.2 billion yuan ($30.316 billion), up 2% from a year earlier, and net profit of 21.996 billion yuan ($3.203 billion), compared with a net loss of 18.357 billion yuan in the same period last year. Without Non-GAAP, net profit was 27.375 billion yuan ($3.986 billion), up 38 per cent from a year earlier.

In fiscal year 2023, Alibaba's total income was 868.687 billion yuan ($126.491 billion), up 2% from the same period last year; net profit was 65.573 billion yuan ($9.548 billion), up 39% from the same period last year. Net profit was 1413.79 billion yuan ($205.86 billion), up 4% from the same period last year.

In the fourth quarter, Alibaba's digital media and entertainment business had revenue of 8.273 billion yuan, up 3 percent from a year earlier.

In the fourth quarter, Alibaba's business revenue in China was 136.073 billion yuan, down 3% from a year earlier.

In the fourth quarter, Alibaba's international business revenue was 18.541 billion yuan, an increase of 29% over the same period last year.

In the fourth quarter, Ali's local life revenue was 12.549 billion yuan, an increase of 17% over the same period last year.

According to the financial report, Alibaba's rookie income in the fourth quarter was 13.619 billion yuan, an increase of 18% over the same period last year.

In the fourth quarter, Alibaba's revenue from innovation and other businesses was 563 million yuan, up 47% from the same period last year, while the business's annual revenue was 2.274 billion yuan, down 20% from the same period last year.

Alibaba said that the board of directors has approved to explore the IPO process of Cainiao Intelligent Logistics Group, and to implement the IPO of Ma Xiansheng. In addition, Alibaba's board of directors approved the spin-off of the cloud intelligence department.

The board of directors of Alibaba Group has approved and appointed the boards of directors of six major business groups, and the director of the business group is Alibaba, a senior business person.

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