Ali’s latest financial report: global business grows steadily, international business revenue increases by 2%

On August 4, Alibaba Group announced its results for the first quarter of fiscal 2023. As the first Chinese Internet company to disclose financial reports in the April-June quarter severely affected by the epidemic, Alibaba’s key performance indicators exceeded expectations, and its long-term accumulation of capacity building supports development resilience and injects confidence into the market.


(Picture: Alibaba’s latest financial report shows that Alibaba’s international station has grown more than expected.)

As one of the three strategies, Alibaba has been firmly investing in globalization capacity building and growing steadily in multiple markets. The financial report shows that in the April-June quarter, Alibaba’s international business revenue increased by 2%. In the international retail segment, Lazada’s orders in Southeast Asia achieved a healthy growth of 10% year-on-year, and Trendyol orders increased by 46% year-on-year. For the international wholesale business, Alibaba International Station continues to use digital methods to help small and medium-sized enterprises go overseas, so that small and medium-sized enterprises can obtain certain foreign trade services even under the epidemic: receiving orders, dispatching shipments, and receiving payment. In the April-June quarter, the transaction volume of SMEs on the platform increased by 16% year-on-year, exceeding market expectations.

In terms of international logistics, Cainiao continued to strengthen the construction of international logistics, including eHubs, trunk lines, sorting centers and last-mile delivery network, to strengthen end-to-end logistics capabilities. The financial report shows: From April to June, Cainiao built an automated distribution center in Israel, increasing the total number of overseas distribution centers operated by Cainiao to 10. At the same time, Cainiao continues to promote the construction of overseas localized logistics and distribution capabilities, and has invested more than 7,700 smart express cabinets in Europe. In addition, Cainiao is accelerating the full realization of cross-border 3-day shipping in Korea. Korean consumers who shop on AliExpress will enjoy the same online shopping experience as domestic consumers.

Cloud computing is another growth point of Alibaba’s global business. Zhang Yong, chairman and CEO of Alibaba, said in a recent letter to shareholders: “Alibaba’s globalization direction is very clear, and it is committed to exploring the globalization of the consumer sector and the globalization of cloud computing.”

It is understood that Alibaba Cloud recently added two data centers in Thailand and Germany, established a joint venture with Saudi Telecom in Riyadh, and announced the establishment of overseas regional service centers in Portugal, Mexico and Malaysia. Currently, Alibaba Cloud operates 85 availability zones in 28 regions around the world.

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