DONEWS reported on December 23 that on the evening of December 22, Alibaba Group released its interim report for fiscal year 2024 (six months ended September 2023, hereinafter referred to as the "semi-annual report").
According to Yicai, the report shows that Alibaba Group's fundamentals were solid in the first half of the fiscal year, achieving a year-on-year increase of 11% in revenue, a 25% year-on-year increase in adjusted EBITA, and a 52% year-on-year increase in operating profit.
Among them, Taotian Group's revenue increased by 8% year-on-year;The overseas business performed strongly, with the revenue of Alibaba International Digital Business Group increasing by 47% and the revenue of Cainiao Group increasing by 29%.Local Life Group's revenue increased by 22%, and Dawen Entertainment Group's revenue increased by 21%.
In the first half of the fiscal year, Taotian Group's adjusted EBITA increased by 6% year-on-year. According to Goldman Sachs China's latest monthly Internet report, the total time of China's Internet e-commerce users increased significantly in November, of which **DAU and user time both increased by 7% year-on-year.
In the first half of the year, the overall orders of Alibaba's international retail business grew strongly year-on-year, driving the overall revenue of international retail business to increase by 66%.
Cainiao Group revenue grew 29% in the first half of the year, and adjusted EBITA achieved 178.3 billion yuan.
Alibaba Cloud's adjusted EBITA grew 26% year-over-year in the first half of the year.
According to the semi-annual report, net cash flow from operating activities was 945 for the six months ended in SeptemberRMB3.7 billion, with free cash flow of 8430.9 billion yuan, a year-on-year increase of 46%.