The overseas business maintained rapid growth, and the operating efficiency of other businesses improved and losses were
Posted: Sun Dec 22, 2024 10:49 am
This quarter, the synergy of cross-border business and cross-border fulfillment services continued to emerge, driving Alibaba International Digital Business Group and Cainiao Group to maintain rapid growth. Among them, Alibaba International Digital Business Group's revenue increased by 32% year-on-year. Cainiao's quarterly revenue increased by 16% year-on-year.
Multiple businesses other than e-commerce and cloud whatsapp number in australia continue to improve their operating efficiency and significantly improve their losses. This quarter, due to improved operating efficiency and increased business scale, the local life group achieved a significant reduction in losses. The quarterly operating results of Sun Art Retail, Hema, Ali Health and Lingxi Interactive Entertainment also improved.
Market analysts believe that fiscal year 2025 will be a year for Alibaba to adhere to its strategic direction and consolidate the results of its transformation. In the past few quarters, investments in improving consumer experience, AI infrastructure, and technical capabilities have brought positive changes to the business, proving that the investment is effective and is expected to yield more solid results within the fiscal year.
This quarter, Cainiao's automation, digitalization and IoT products and services have accelerated their expansion from domestic to overseas markets, and have entered emerging customer markets such as medicine and luxury goods from the e-commerce logistics field. Cainiao's public road driverless vehicles also obtained road rights in multiple cities this quarter, becoming a new way for express delivery outlets to transport packages to express delivery stations.
Multiple businesses other than e-commerce and cloud whatsapp number in australia continue to improve their operating efficiency and significantly improve their losses. This quarter, due to improved operating efficiency and increased business scale, the local life group achieved a significant reduction in losses. The quarterly operating results of Sun Art Retail, Hema, Ali Health and Lingxi Interactive Entertainment also improved.
Market analysts believe that fiscal year 2025 will be a year for Alibaba to adhere to its strategic direction and consolidate the results of its transformation. In the past few quarters, investments in improving consumer experience, AI infrastructure, and technical capabilities have brought positive changes to the business, proving that the investment is effective and is expected to yield more solid results within the fiscal year.
This quarter, Cainiao's automation, digitalization and IoT products and services have accelerated their expansion from domestic to overseas markets, and have entered emerging customer markets such as medicine and luxury goods from the e-commerce logistics field. Cainiao's public road driverless vehicles also obtained road rights in multiple cities this quarter, becoming a new way for express delivery outlets to transport packages to express delivery stations.