Recently, Alibaba released its interim report for fiscal year 2024, which has attracted widespread attention from the market. During the reporting period, the company achieved a net profit of 6203.8 billion yuan, a year-on-year increase of 2,748%, this outstanding performance undoubtedly proves Alibaba's leading position in e-commerce, cloud computing, logistics and other fields.
During the reporting period, Alibaba's revenue reached 4,5894.6 billion yuan, a year-on-year increase of 11%. Operating profit also achieved a solid growth of 7607.4 billion yuan, a year-on-year increase of 52%. These figures show that Alibaba's business model is consistently generating strong cash flow and profitability.
It is worth mentioning that Alibaba's Alibaba Cloud business has performed particularly well. Adjusted EBITA grew 26% year-over-year, driven by Alibaba Cloud's leadership in cloud computing. In addition, Alibaba Cloud's large model Tongyi Qianwen became the first batch of official ones in China"Large-scale model standard compliance evaluation"It is one of the four domestic large models, which also shows that Alibaba Cloud's strength in the field of artificial intelligence should not be underestimated.
In addition to Alibaba Cloud, Alibaba's other business segments have also achieved remarkable results. **Tmall Business Group revenue increased by 8% year-on-year, international retail business overall revenue increased by 66%, Cainiao Group revenue increased by 29%, local life group revenue increased by 22%, and Dawen Entertainment Group revenue increased by 21%. These figures show that Alibaba is expanding its business footprint across the board and is achieving fruitful results.
In addition, Alibaba also mentioned in the report that the company's net cash flow from operating activities was 945 for the six months ended in September$3.7 billion, with free cash flow of 8430.9 billion yuan, a year-on-year increase of 46%. These figures are further evidence of Alibaba's strong profitability and solid financial position.
Overall, Alibaba's FY2024 interim report demonstrates the company's strong strength and solid growth across all business segments. Whether it is cloud computing, artificial intelligence, e-commerce, logistics and other fields, Alibaba has shown incomparable advantages. In the future, with the continuous advancement of technology and the continuous change of market demand, Alibaba is expected to continue to maintain its leading position and create greater value for shareholders and investors.