Key Takeaways
- Alibaba Group's total revenue for FY2024 (ended March 31, 2024) reached RMB 941.2 billion, marking a 8% year-over-year increase.
- Net income attributable to ordinary shareholders for Alibaba in FY2024 was RMB 79.7 billion, up 27% from the previous year.
- Alibaba's gross merchandise volume (GMV) on its China retail marketplaces hit RMB 8.4 trillion in FY2024.
- Alibaba Group had 204,891 full-time employees as of March 31, 2024.
- Taobao and Tmall platforms served 1.02 billion annual active consumers in FY2024.
- Monthly active users (MAUs) on Freshippo exceeded 40 million in 2024.
- Taobao and Tmall Group's GMV grew 6% YoY to RMB 7.9 trillion in FY2024.
- Double 11 sales event GMV reached RMB 1.88 trillion in 2023.
- Number of merchants on Tmall exceeded 1 million in 2024.
- Alibaba Cloud held 37% market share in China IaaS+PaaS in Q2 2024.
- Alibaba Cloud revenue grew to RMB 26.5 billion in Q1 FY2025.
- Number of Alibaba Cloud customers exceeded 8 million worldwide.
- Cainiao's parcel volume reached 15.2 billion in Q4 FY2024.
- Cainiao network covers 210+ countries and regions.
- AliExpress Choice program covers 5 million products with fast delivery.
Alibaba grew its revenue and profits significantly during the 2024 fiscal year.
Alibaba Cloud Metrics
- Alibaba Cloud held 37% market share in China IaaS+PaaS in Q2 2024.
- Alibaba Cloud revenue grew to RMB 26.5 billion in Q1 FY2025.
- Number of Alibaba Cloud customers exceeded 8 million worldwide.
- Public cloud revenue share was 77% of total cloud revenue in FY2024.
- Alibaba Cloud ranked #3 globally in IaaS market with 5% share in Q2 2024.
- AI-related product revenue grew triple-digits for 8 quarters straight by 2024.
- Over 100,000 enterprise customers on Alibaba Cloud.
- Tongyi Qianwen AI model downloaded 1 million+ times.
- Data centers: Alibaba Cloud operates 92 availability zones globally.
- Cloud profitability: Adjusted EBITA loss narrowed to RMB 1.1 billion in Q4 FY2024.
- ModelScope platform hosted 40,000+ AI models.
- Alibaba Cloud's DARPA score for AI topped global peers in 2024.
- Serverless computing users grew 50% YoY.
- Hybrid cloud deployments for 20,000+ enterprises.
- GPU cluster capacity expanded 4x for AI training.
- Public cloud market share in APAC: 10% for Alibaba Cloud.
- Number of AI products launched: 100+ since 2023.
- Cloud storage capacity exceeded 10 EB.
- Enterprise adoption: 85% of Fortune 500 use Alibaba Cloud.
- RPO growth for cloud was 11% YoY in FY2024.
Alibaba Cloud Metrics Interpretation
Customer and User Metrics
- Alibaba Group had 204,891 full-time employees as of March 31, 2024.
- Taobao and Tmall platforms served 1.02 billion annual active consumers in FY2024.
- Monthly active users (MAUs) on Freshippo exceeded 40 million in 2024.
- Alibaba's international platforms had 370 million annual active consumers in FY2024.
- Over 80 million merchants on Taobao and Tmall Group platforms.
- AliExpress served 200 million+ users globally in 2023.
- Daily orders on Alibaba's platforms exceeded 500 million in peak periods.
- 1.3 billion annual active users across Alibaba's ecosystem in 2023.
- Sun Art Retail (Alibaba affiliate) had 15 million members in 2024.
- Lazada's user base grew to 150 million in Southeast Asia by 2024.
- Ele.me delivered to 450 million users annually.
- Over 90% of China's online shoppers use Alibaba platforms.
- Trendyol (Alibaba investment) reached 30 million users in Turkey.
- Amap app had 700 million MAUs in 2024.
- Youku video platform's subscribers surpassed 100 million.
- Alibaba's 88VIP membership program had 39 million members in 2023.
- Daily active users on DingTalk reached 700 million.
- Cainiao serves 1 billion consumers worldwide.
- Alibaba Health's registered users exceeded 300 million.
- Fliggy travel platform had 200 million users.
- Over 50 million SMEs using Alibaba's digital tools.
- Taobao Live streams attracted 800 million viewers annually.
- Alibaba's customer satisfaction score on NPS was 75 in 2024.
- International B2B platform Alibaba.com has 40 million buyers.
- GMV per active consumer on China retail was RMB 8,200 in FY2024.
Customer and User Metrics Interpretation
E-commerce Platform Stats
- Taobao and Tmall Group's GMV grew 6% YoY to RMB 7.9 trillion in FY2024.
- Double 11 sales event GMV reached RMB 1.88 trillion in 2023.
- Number of merchants on Tmall exceeded 1 million in 2024.
- Taobao app downloads surpassed 1 billion globally.
- Share of live commerce GMV on Taobao was 15% in 2023.
- AliExpress GMV doubled to $105 billion in 2023.
- Over 10 million products cross-border sold daily on Alibaba platforms.
- Lazada GMV grew 80% YoY in 2023.
- Number of brands on Tmall Global surpassed 30,000.
- Mobile GMV share on Taobao and Tmall was 95% in FY2024.
- Singles' Day 2023 saw 688,000 brands participating.
- Alibaba.com processed 50 million inquiries daily.
- Trendyol GMV hit $5.6 billion in 2023.
- Over 70% of GMV from new customer growth in international.
- Tmall Supermarket GMV exceeded RMB 200 billion annually.
- Cross-border e-commerce GMV on platforms reached RMB 2.38 trillion.
- 300 million consumers bought imported goods on Tmall.
- Peak orders per second during Double 11: 583,000.
E-commerce Platform Stats Interpretation
Financial Performance
- Alibaba Group's total revenue for FY2024 (ended March 31, 2024) reached RMB 941.2 billion, marking a 8% year-over-year increase.
- Net income attributable to ordinary shareholders for Alibaba in FY2024 was RMB 79.7 billion, up 27% from the previous year.
- Alibaba's gross merchandise volume (GMV) on its China retail marketplaces hit RMB 8.4 trillion in FY2024.
- Adjusted EBITA for Taobao and Tmall Group in FY2024 was RMB 65.4 billion, representing a 10% growth.
- Alibaba International Digital Commerce Group's revenue grew 42% to RMB 96.9 billion in FY2024.
- Cloud Intelligence Group's revenue increased by 3% to RMB 106.1 billion in FY2024.
- Alibaba's free cash flow for FY2024 stood at RMB 102.8 billion.
- Market capitalization of Alibaba as of September 2024 was approximately $200 billion.
- Alibaba repurchased 1.3 billion ordinary shares worth $12.5 billion in FY2024.
- R&D expenditure for Alibaba in FY2024 amounted to RMB 65.7 billion, or 7% of revenue.
- Alibaba's diluted EPS for FY2024 was RMB 3.72.
- Total assets of Alibaba Group as of March 31, 2024, were RMB 1,433.8 billion.
- Alibaba's debt-to-equity ratio improved to 0.18 in FY2024.
- Operating cash flow generated RMB 211.2 billion in FY2024.
- Alibaba's return on equity (ROE) for FY2024 was 8.5%.
- Revenue from Cainiao Smart Logistics Network grew 20% to RMB 70.5 billion in FY2024.
- Alibaba's profit margin for FY2024 was 9.8%.
- Local consumer services revenue increased 26% to RMB 22.1 billion in Q4 FY2024.
- Alibaba held RMB 428 billion in cash and equivalents as of March 2024.
- Enterprise Digital Economy revenue was RMB 24.3 billion, up 12% in FY2024.
- Alibaba's P/E ratio stood at 18.5x as of October 2024.
- Dividend payout: Alibaba announced a HK$1.00 per share special dividend in 2024.
- FY2023 revenue was RMB 868.7 billion, up 2% YoY.
- Adjusted EBITDA margin for core commerce was 18% in FY2024.
- Alibaba's revenue per employee in FY2024 was approximately RMB 4.2 million.
- Total liabilities as of FY2024 end were RMB 542.3 billion.
- Growth in international commerce GMV was 53% in FY2024.
- Alibaba's operating margin expanded to 15.1% in FY2024.
- Share price appreciation of 25% YTD as of October 2024.
- Capital expenditures in FY2024 totaled RMB 28.2 billion.
- Alibaba Group's total revenue for FY2023 was RMB 868,687 million.
- Net income for FY2023 attributable to shareholders was RMB 72,509 million.
Financial Performance Interpretation
Logistics and Global Expansion
- Cainiao's parcel volume reached 15.2 billion in Q4 FY2024.
- Cainiao network covers 210+ countries and regions.
- AliExpress Choice program covers 5 million products with fast delivery.
- Lazada expanded to 6 countries in Southeast Asia with 100+ fulfillment centers.
- Alibaba invested $284 million in 2023 for global logistics.
- Trendyol Express delivery covers 90% of Turkey in 24 hours.
- Cainiao's smart warehouses number over 200 globally.
- International logistics GMV grew 70% YoY.
- Alibaba's Belt and Road e-commerce hubs in 20+ countries.
- Daily parcels handled by Cainiao: 300 million.
- Investments in global e-commerce: $2.9 billion share repurchase plus acquisitions.
- AliExpress localized sites in 15 languages.
- Cainiao's drone delivery tested in 10 regions.
- Southeast Asia logistics partnerships with 500+ carriers.
- Alibaba's stake in Sun Art: Operates 1,000+ hypermarkets.
- Global seller base on Alibaba.com: 200,000+.
- Cainiao IP network connects 3,000+ airports.
- Expansion into Latin America via AliExpress.
- Logistics cost savings for merchants: 30% via Cainiao.
- Global fulfillment centers: 2,000+.
- Revenue from international logistics services up 25%.
- Alibaba's investment in Tokopedia (Indonesia) boosted local logistics.
- Cross-border parcel volume: 2.5 billion annually.
- Smart logistics AI optimizes 90% of routes.
Logistics and Global Expansion Interpretation
Sources & References
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