Financial News
Written by: Ou Jiajun
2020-08-20 19:02
Last update date: 2020-08-20 19:12Alibaba (9988) announced its quarterly results at the end of June. Last quarter Non-GAAP (non-GAAP) profit increased by 28% year-on-year to 39.474 billion yuan (RMB. The same below); Non-GAAP free cash flow was 36.57 billion yuan yuan.
In June, the number of mobile monthly active users in China's retail market was 874 million, a net increase of 28 million compared to March; annual active consumers were 742 million, a single-quarter net increase of 16 million. In June 2020, the number of mobile monthly active users of Taobao Special Edition was approximately 40 million.
During the period, revenue increased by 34% year-on-year to RMB 153.751 billion. Among them, the core commercial business increased by 34% year-on-year to 133.318 billion yuan, and the adjusted EBITA profit margin fell by 3 percentage points to 38%. Among them, retail business revenue in China increased by 34% to 101.321 billion yuan, and Tmall’s GMV increased by 27%, which led to a 17% increase in commission income. The pace of growth was not synchronized due to rapid growth in FMCG and consumer electronics categories.
Cloud computing revenue increased by 59% year-on-year
Cloud computing revenue increased by 59% year-on-year to 12.35 billion yuan, mainly due to the growth of public cloud and hybrid cloud revenue, and reflecting the average revenue growth from each customer, cloud computing adjusted EBITA profit margin was negative 3%,
Since the self-developed online game business has crossed the incubation stage, the revenue of this business has been reclassified from the innovative business and other segments to the digital media and entertainment segment. Revenue from the digital media and entertainment segment increased 9% to 6.994 billion yuan. Revenue from innovative businesses and others decreased by 6% to 1.094 billion yuan.
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