crashbashps2| Alibaba Local Life Group's fiscal fourth-quarter revenue was 14.628 billion yuan, a year-on-year increase of 19%

Special topic: Alibaba: revenue of the fourth quarter is 2218Crashbashps274 million yuan, an increase of 7% over the same period last year.

Sina Technology News on the evening of May 14, Beijing time, Alibaba (NYSE: BABA)Crashbashps2(HKEX: 9988) Today released results for the fourth quarter and full year of fiscal year 2024 ended March 31. In the fourth quarter, revenue was 221.874 billion yuan, up 7% from a year earlier. Net profit was 919 million yuan, down 96% from the same period last year; without general accounting standards in the United States, net profit was 24.418 billion yuan, down 11% from the same period last year.

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]

Taobao and Tmall earned 93.216 billion yuan ($12.91 billion) in revenue, up 4% from a year earlier.

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

Revenue from cloud intelligence group (CIG) was 25.595 billion yuan ($3.545 billion), up 3% from a year earlier.

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

The revenue of the international digital commerce group was 27.448 billion yuan ($3.802 billion), up 45 per cent from a year earlier.

[rookie Group]

Revenue from CSNLL (Cainiao) was 24.557 billion yuan ($3.401 billion), up 30 per cent from a year earlier.

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

Revenue from Local Life Group (LSG) was 14.628 billion yuan ($2.026 billion), up 19% from a year earlier.

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

Revenue from the big entertainment group (DMEG) was 4.945 billion yuan ($685 million), down 1 per cent from a year earlier.

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