topcryptogamestoearnmoney| Alibaba: Fourth-quarter revenue was 221.874 billion yuan, a year-on-year increase of 7%

Special topic: Alibaba: revenue of the fourth quarter is 2218Topcryptogamestoearnmoney74 million yuan, an increase of 7% over the same period last year.

Sina Science and Technology News Beijing time on May 14 evening newsTopcryptogamestoearnmoneyAlibaba (NYSE: BABA;HKEX: 9988) today released its results for the fourth quarter and full year of fiscal year 2024 ended March 31. Fourth quarterTopcryptogamestoearnmoneyWith revenue of 2218Topcryptogamestoearnmoney74 billion yuan, an increase of 7% over the same period last year. Net profit was 919 million yuan, down 96% from the same period last year, mainly due to the net loss caused by mark-to-market changes in equity investment in listed companies, compared with net income in the same period last year. Without US general accounting standards, net profit was 24.418 billion yuan, down 11% from a year earlier.

For the whole of fiscal year 2024, revenue was 941.168 billion yuan, an increase of 8% over the same period last year. Net profit was 71.332 billion yuan, an increase of 9% over the same period last year; without general accounting standards, net profit was 157.479 billion yuan, an increase of 11% over the same period last year. (note: Alibaba's fiscal year is out of sync with the natural year, from April 1, 2023 to March 31, 2024 is fiscal year 2024).

A summary of the results of the six divisions in the fourth quarter:

[Taotian Group, including Taobao, Tmall, Xianyu, 1688.com and other businesses]

Taotian's fourth-quarter revenue was 93.216 billion yuan ($12.91 billion), up 4% from a year earlier, and revenue for the entire fiscal year 2024 was 434.893 billion yuan ($60.232 billion), up 5% from a year earlier.

[cloud Intelligence Group, including Aliyun, Nail and other businesses]

Cloud Intelligent Group (CIG) had revenue of 25.595 billion yuan ($3.545 billion) in the fourth quarter, up 3% from a year earlier, and revenue for the entire fiscal year 2024 was 106.374 billion yuan ($14.733 billion), up 3% from a year earlier.

[international digital business group, including Lazada, Express, Trendyol, Alibaba.com and other businesses]

Revenue of the International Digital Commerce Group in the fourth quarter was 27.448 billion yuan ($3.802 billion), up 45% from a year earlier, while revenue for the entire fiscal year 2024 was 102.598 billion yuan ($14.21 billion), up 46% from a year earlier.

[rookie Group]

CSNLL's fourth-quarter revenue was 24.557 billion yuan ($3.401 billion), up 30% from a year earlier, and revenue for the entire fiscal year 2024 was 99.02 billion yuan ($13.714 billion), up 28% from a year earlier.

[local Life Group, which mainly includes ele.me and Gaode "to the destination" business.)

Local Life Group (LSG) had revenue of 14.628 billion yuan ($2.026 billion) in the fourth quarter, up 19% from a year earlier, and revenue for the entire fiscal year 2024 was 59.802 billion yuan ($8.282 billion), up 19% from a year earlier.

[big Entertainment Group, including Youku, Barley and Ali Pictures]

DMEG's fourth-quarter revenue was 4.945 billion yuan ($685 million), down 1% from a year earlier, while revenue for the entire fiscal year 2024 was 21.145 billion yuan ($2.929 billion), up 15% from a year earlier.

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