Ali’s fourth quarter revenue was 114.31 billion yuan, up 22% year-on-year, net profit was 3.16 billion yuan.

On May 22, Alibaba (NYSE:BABA) today released its fourth fiscal quarter and full-year financial results for the 2020 fiscal year ended March 31, 2020, alibaba’s fourth-quarter revenue was 114.31 billion yuan, with a market expectation of 107.04 billion yuan, up 93.5 billion from 22% yuan in the same period last year. The net profit attributable to ordinary shareholders was 3.162 billion yuan, down 88% year on year, lower than the market expectation of 16.085 billion yuan.

Affected by the financial report, the company’s share price rose 0.16% as of press release.

In the 12 months ended March 31, 2020, GMV, the consumer business business of Alibaba’s digital economy, reached 7.053 trillion yuan, becoming the world’s first company with a platform sales of 1 trillion US dollars. The financial report also showed that Alibaba’s digital economy had 2020 active consumers worldwide in fiscal 0.96 billion.

This fiscal year, Alibaba Group’s revenue was 509.711 billion yuan, up 35% year-on-year, fulfilling the guidelines announced at the beginning of the fiscal year. The fourth quarter revenue from January 1-20, 2020 to March 31 was 114.314 billion yuan, year-on-year growth of 22%.

In March 2020, the number of mobile active users in Alibaba’s China retail market reached 0.846 billion, up 0.125 billion from March 2019. In the 12 months ended March 31, 2020, the annual number of active consumers reached 0.726 billion, an increase of 72 million over the 12 months ended March 31, 2019.

Among them, the core commercial revenue was 93.865 billion yuan, up 19% year on year. Cloud computing revenue was 12.217 billion, up 58% year on year. Digital media and entertainment revenue was 0.594 billion, up 5% year on year; innovative business and other revenue was 0.228 billion, up 90% year on year.

Tags