Alibaba Group Holding Ltd
BABA
ISIN US01609W1027 / Valor 24409862
Alibaba Group Holding Ltd
UMushroom community rating:
About company
Alibaba Group Holding Ltd is a technology company that provides businesses with the tools and platform to enhance their marketing, sales, and operational efficiency. The company offers technology infrastructure, marketing solutions, cloud services, and work collaboration capabilities to help merchants, brands, retailers, and other businesses engage with users and customers in a more efficient manner. Alibaba's services enable enterprises to undergo digital transformation and support the growth of their businesses through innovative technology solutions.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (07.08.2024):
Revenue Growth
Alibaba Group Holding Ltd reported a significant increase in revenue for the March Quarter of 2024. The company's total revenue grew by 45% year-over-year, driven by strong performance in its core businesses, including Taobao and Tmall Group, as well as its international digital commerce operations.
Cloud Business Performance
Alibaba's cloud computing segment showed robust growth in the March Quarter of 2024. The core public cloud offerings recorded double-digit year-over-year revenue growth, while AI-related revenue saw a triple-digit increase, reflecting the rising demand for AI and cloud services.
GMV Growth
Taobao and Tmall Group, key components of Alibaba's e-commerce platform, achieved double-digit year-over-year growth in Gross Merchandise Volume (GMV) for the March Quarter of 2024. This growth was attributed to enhanced user experience and strategic investments in product supply, competitive pricing, and quality service.
International Commerce
Alibaba International Digital Commerce (AIDC) reported a 45% year-over-year increase in revenue for the March Quarter of 2024. The order volume also grew by 20%, driven by the expansion of cross-border retail operations and improvements in the consumer experience.
Outlook
Looking ahead, Alibaba Group Holding Ltd expects continued growth in its core businesses. The company plans to introduce new monetization mechanisms in the second half of the fiscal year 2025, aligned with platform algorithms and product features, to further enhance revenue growth. The company remains confident in its long-term development and market leadership.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
197973 M
Market cap (USD)
1,696,300
Daily traded volume (Shares)
83.01 / 82
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Daniel Tejido
Daniela Gie
Vladimir Jovicic
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