According to the Zhitong Finance APP, Alibaba-W (09988) released its interim results for the six months ending September 30, 2024. During this period, the group achieved revenue of RMB 479.739 billion, an increase of 4.53% year-on-year; net profit was RMB 64.569 billion, an increase of 13.19% year-on-year; net profit attributable to Alibaba Group shareholders was RMB 68.423 billion, an increase of 10.20% year-on-year; net profit attributable to ordinary shareholders was RMB 68.143 billion, an increase of 9.84% year-on-year; basic earnings per share were RMB 3.58.
Among them, for the six months ending September 30, 2024, the group's revenue from China's retail business was RMB 200.429 billion (USD 28.561 billion), a decrease of 1% compared to RMB 202.388 billion in the same period of 2023, due to an 8% decline in direct sales and other revenues.
Customer management revenue increased by 1% year-on-year, mainly due to the year-on-year growth in online GMV, partially offset by a decline in the take rate. The year-on-year decline in the take rate was primarily due to the increasing proportion of GMV generated by emerging models within the Taotian Group that currently have a low monetization rate.
For the six months ending September 30, 2024, direct sales and other revenues from China's retail business were RMB 49.950 billion (USD 7.118 billion), an 8% decrease compared to RMB 54.066 billion in the same period of 2023, mainly attributed to a decline in sales of appliances and consumer electronics.
For the six months ending September 30, 2024, revenue from China's wholesale business was RMB 11.938 billion (USD 1.701 billion), a 17% increase compared to RMB 10.219 billion in the same period of 2023. The growth was mainly driven by an increase in revenue from value-added services provided to paid members.
For the six months ending September 30, 2024, revenue from the Cloud Intelligence Group was RMB 56.159 billion (USD 8.003 billion), a 7% increase compared to RMB 52.713 billion in the same period of 2023. Overall revenue (excluding revenue from Alibaba's consolidated businesses) grew by 7% year-on-year, primarily driven by double-digit growth in revenue from public cloud products, including AI-related products, partially offset by a decline in non-public cloud revenue due to the group's gradual reduction of lower-margin project-based contract revenue and focus on high-quality revenue.
For the six months ending September 30, 2024, revenue from international retail business was RMB 49.309 billion (USD 7.026 billion), a 37% increase compared to RMB 36.116 billion in the same period of 2023, mainly driven by revenue growth from AliExpress Choice and Trendyol. The group's revenue from several international businesses is denominated in local currencies, and the revenue of Alibaba International Digital Commerce Group is therefore affected by exchange rate fluctuations.
For the six months ending September 30, 2024, revenue from Cainiao Group was RMB 51.458 billion (USD 7.333 billion), a 12% increase compared to RMB 45.987 billion in the same period of 2023, mainly driven by growth in revenue from cross-border logistics fulfillment solutions

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Alibaba-W released its interim results for the period ending September 30, 2024, with a net profit attributable to ordinary shareholders of RMB 68.143 billion, a year-on-year increase of 9.84%. The group's revenue was RMB 479.739 billion, a year-on-year increase of 4.53%; net profit was RMB 64.569 billion, a year-on-year increase of 13.19%. Revenue from China's retail business was RMB 200.429 billion, a year-on-year decrease of 1%. Revenue from the Cloud Intelligence Group was RMB 56.159 billion, a year-on-year increase of 7%

- Alibaba Group reported a revenue of 479.74 billion yuan for the six months ending September 30, 2024, a 4.53% year-on-year increase, with a net profit of 64.57 billion yuan, up 13.19%.  
- Revenue from China's retail business was 200.43 billion yuan, a 1% decline from the previous year, attributed to an 8% drop in direct sales and other income, while wholesale business revenue grew by 17%.  
- The cloud intelligence segment saw a 7% increase in revenue to 56.16 billion yuan, driven by double-digit growth in public cloud products, and international retail revenue surged by 37% to 49.31 billion yuan.

Alibaba-W released its interim results, with net profit attributable to ordinary shareholders of RMB 68.143 billion, an increase of 9.84% year-on-year