Alibaba Q1 performance exceeded expectations: seeing the recovery signal in June, the ability to build support for development toughness

On August 4, Alibaba Group announced the first quarter of fiscal year in fiscal year. As the first Chinese Internet company, which was severely affected by the epidemic, the key performance indicators of Ali's key performance indicators exceeded expectations. The long -term accumulated capacity building supported the development of toughness and injecting confidence in the market.

Affected by the epidemic in April and May, the overall growth of the industry was under pressure. Although facing short -term challenges, Alibaba's revenue this quarter remained stable. After adjustment of EBITA by 18%year -on -year, the net profit of non -recognized accounting standards decreased by 30%year -on -year, all higher than market expectations.

Zhang Yong, chairman and CEO of Alibaba Group, said: "In the past quarter, we actively cope with the changes in the macro environment. By continuously strengthening the ability to create value for customers, we have always focused on long -term strategies. The monthly growth rate is relatively slow, but we have seen signs in June. Based on the high -quality consumer groups we have, and the toughness of diversified business that meets the different needs of customers, we are full of confidence in long -term growth in the future. "

Accelerate the recovery in June, and multi -business engine driver growth

In April and May, the epidemic caused different degrees of supply chain and logistics interruption. The combined digital business infrastructure formed by Alibaba for many years, while serving the diversified demand for consumption, it also guarantees growth toughness in uncertainty.

In the field of consumption, starting in late May, with the normalization of logistics capacity, the platform and merchants see the recovery signal. In the June quarter, Taobao Tmall online physical goods GMV growth gradually recovered, and Tmall 618 paid GMV to achieve positive growth year -on -year.

Ali Platform has the most extensive and high -quality consumer group in China. The 12 months ended June 30, 2022, over 123 million consumers spent more than RMB 10,000 in Taobao Tmall's annual consumption. Essence Taobao Tmall United Cainiao, to further enhance the consumption experience by delivery, about 70%of the Cainiao Station in this quarter provides home delivery choices. Large appliances, home improvement and other industries have higher satisfaction than peers. The emerging businesses cultivated by digital commerce have continued to progress. The payment GMV of the M2C (source direct supply model) on Taobao and Taote increased by more than 40%year -on -year, and the GMV of Tao cuisine also increased rapidly, exceeding 200%year -on -year.

With the impact of the epidemic, the monthly performance of the local life service sector has continued to improve, and by June, the entire sector GMV resume positive growth. On June 21, the hungry free -order event was launched. So far, a total of more than 3.5 million orders for consumers with a total of 600,000 merchants. In June, Gaoderi active users hit a new high of over 120 million.

In the industrial field, this quarter, Alibaba Cloud's revenue increased by 10%year -on -year after the off -division transaction. After adjusting EBITA for seven consecutive quarters, it has achieved profitability, reflecting the growth and recovery of non -Internet industry customers.

The international business sector also witnessed the mild recovery of global business. In the June quarter, Lazada's orders in Southeast Asia achieved a 10%year -on -year health growth, and Trendyol orders increased by 46%year -on -year. International wholesale commerce continues to help small and medium businesses go to sea, and the transaction volume completed in Alibaba.com in the quarter is increased by 16%year -on -year.

From capacity building to value creation, work together to build a tough society

As Alibaba clarifies the business ideas of "capacity building and value creation", providing the ability to provide society is becoming the source of business growth and toughness.

In this quarter, in the face of external uncertainties, we are hungry and strive to meet the needs of cities affected by the epidemic. In Shanghai, is you hungry, launching the "emergency special needs" channel to serve the emergency needs of special groups such as elderly people, chronic diseases, and infants and young children. As of May, the "emergency special need" responded to more than 70,000 emergency needs in Shanghai, and a total of over 2.5 million drugs were sent. Hema, Dayunfa, Tmall Supermarket and other self -operated businesses also use their own digitalization capabilities and near -field performance capabilities to fully protect the needs of community neighborhoods affected by the epidemic.

The integrated network of digital near -field business flow and logistics has become a new type of infrastructure in modern cities, and also allows the business to accelerate the development of the business. In the June quarter, the hungry non -meal delivery order increased steadily. Food and daily necessities have strong demand, and the proportion of online sales of Hema and Gaoxin retail accounted for 68%and 36%, respectively.

It can be seen that Alibaba's supply chain, performance, and synergistic capabilities have been further precipitated in anti -epidemic protection supply, which will be able to better improve performance efficiency and meet consumers' demand for distribution on demand.

Continue to focus on the three major strategies, and the high -quality growth path is clear

Faced with short -term challenges, Alibaba continued to focus on the three core business strategies, further consolidating the foundation for health and sustainable long -term development, and further clearing the high -quality growth path.

In the field of consumption, Alibaba has gradually established a rich and valuable positioning with other consumer matrix, and completed the goal of serving 1 billion consumers in China 2 years in advance. Facing the future, using matrix diversified growth to serve consumers diversified needs, focusing on the industry opportunities of low penetration rates, and it is expected to continue to increase the total wallet share of more than 1 billion consumers.

Alibaba is increasingly entering the Industrial Internet from the consumer Internet. Although the growth rate of Alibaba Cloud's short -term revenue slows down, it is a long -term trend towards a comprehensive digitalization of all walks of life and broad development prospects. With the continuous advancement of the "cloud nail", the total number of ecological partners on the nails exceeds 4,000, covering more than 20 national economic industries. Alibaba's globalization is clear, that is, the globalization of the field of consumer and cloud computing, and forming a "two vertical and one horizontal" pattern of "three major strategies". In this quarter, the revenue of international commercial sectors focusing on globalization in the consumer field increased by 2%year -on -year. Alibaba Cloud has operated 85 available areas in 28 regions around the world. Rookie Overseas Dialing Center reached 10, which further constructed the end -to -end international logistics capabilities.

Alibaba continued to invest in technology research and development, and continuously made breakthroughs. In June, Alibaba Cloud released a special processor CIPU, which is independently developed and designed for the new cloud data center. Together with Feitianyun operating system, it is expected to become the core of the next generation of cloud computing infrastructure.

In order to better cope with external uncertainty, this quarter, through continuous improvement of operating efficiency and optimizing cost structure, Taote and Lazada losses have narrowed the year -on -year and month -on -month. The loss of losses has narrowed year -on -year, and the economic benefits of the units have continued to improve.

Recently, the macroeconomic has continued to recover, which is expected to drive the industry to restart growth. Last week, Alibaba applied for the two major listing in New York, Hong Kong, and released an annual report. Zhang Yong said that in the face of uncertainty, Alibaba's response is "firm confidence, active response and doing good." The confidence of the digital economy where Alibaba is located, firmly convinced that digitalization as a general trend will definitely account for a higher and higher proportion of socio -economic volume, and it is a common theme of cross -industry and cross -market; active response is to actively adapt to changes in the environment. In the general trend of social development and the economic cycle of the economy, find the development path of Ali's development; to do a good job of continuing to focus on the three core business strategies of consumption, cloud computing, and globalization, to achieve high -quality business growth, and use ESG as supporting three support The core business strategy and realization of the cornerstone of a good company for 102 years.

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