Alibaba Group Holding Ltd. (BABA) is a holding company legally domiciled in the Cayman Islands that conducts its 澳洲幸运5官方开奖结果体彩网:e-commerce businesses through its Chinese subsidiaries and variable interest entities (VIEs). The company also provides cloud computing, offering digital media and entertainment platforms.

Alibaba's Industry

Alibaba's competitors include Tencent Holdings Ltd. (0700) and global and regional e-commerce companies like Amazon.com Inc. (AMZN). Since Alibaba also operates in cloud-computing and digital-media and entertainment businesses, it competes with companies specializing in those markeꦍts.

Alibaba's e-commerce segment includes Taobao and Tmall Group (TTG) supporting domestic China consumer and business-to-business markets, and Alibaba International Digital Commerce Group (AIDC), with platforms for international consumer and business-to-business markets. The company's on-demand delivery business "Ele.me" supports the delivery of fresh and perishable items purchased through e-commerce. Alibaba's subsidiary Cainiao provides the company's supply chain, transport, and delivery capabilities.

The company's cloud computing segment supplies elastic computing, storage, network infrastructure, security, big data, and artificial intelligence (AI).

Alibaba's Financials

Alibaba files financial statements with the U.S. Securities and Exchange Commission (SEC) following generally accepted accounting principles (GAAP). The company also reports non-GAAP financial measures, such as adjusted earnings before interest, taxes, amortization, depreciation (EBITDA), and adjusted EBITA, which refers to earnings before interest, taxes, and amortization.

Alibaba reported financial results in May 2024 for its 2023 fiscal year (FY) ended March 31, 2023. Net income was $9.9 billion (RMB71,332 million), an increase of 9% year over year (YOY). Revenue was $130.4 billion (RMB941,168 million), an increase of 8% year-over-year. Alibaba reports earnings in seven segments:

• Taobao and Tmall Group: Includes Taobao, Tmall, Xianyu, and 1688.com
• Cloud Intelligence Group: Includes Alibaba Cloud
• Alibaba International Digital Commerce Group: Includes AliExpress, Trendyol, Lazada, and Alibaba.com
• Cainiao Smart Logistics Network Limited: Includes domestic and international logistics services and supply chain management solutions
• Local Services Group: Includes "Ele.me" and Amap
• Digital Media and Entertainment Group: Includes Youku and Alibaba Pictures
• All Others: Includes Sun Art, Freshippo, Alibaba Health, Lingxi Games, Intime, Intelligent Information Platform, Fliggy, and DingTalk

History and Leadership

As of 2024, Joe Tsai serves as the Chairman of Alibaba with Eddie Wu as Director and CEO. The company was launched in 1999 by Jack Ma, a former English teacher from Hangzhou, China. The first team believed the Internet would allow small enterprises to use technology to grow and compete in domestic and global economies.

Recent Developments

In 2023, Alibaba joined 200 of the world’s leading sustainable businesses as a World Business Council for Sustainable Development (WBCSD) member. Alibaba will focus on leveraging Alibaba’s platforms for broad decarbonization and work with WBCSD members to avoid emissions. LVMH Group, a leader in high-quality products such as Fendi and Givenchy joined with Alibaba in 2024 to extend the retail luxury experience in China using Alibaba’s cloud technologies.

The Bottom Line

Alibaba is headquartered in China and specializes in e-commerce and cloud computing platforms. The company was founded in 1999. In 2023, Alibaba reported total annual revenues of more than $130 billion from its seven segments.