首页 News 正文

Alibaba Arranges Forces and Arranges "New Strategic Map"

紫愿
3147 0 0

On the evening of November 16th, Alibaba released its second quarter report for the 2024 fiscal year as of September 30th. At the analyst conference call, Alibaba's Chairman of the Board, Cai Chongxin, and CEO, Wu Yongming, re highlighted the priorities of Alibaba's new strategy. This includes temporarily suspending the IPO of Hema Fresh and no longer promoting the complete separation of Cloud Intelligence Group. At the same time, Alibaba's first batch of strategic innovation businesses -1688, Xianyu, DingTalk, and Quark - emerged. According to Wu Yongming, the above-mentioned strategic innovation business will operate as an independent subsidiary, breaking the previous positioning limitations within the group and adopting a more independent strategy to face the widest market. The group will continue to invest in it over a period of 3 to 5 years.
This is the first time Cai Chongxin has participated in an analyst conference call since assuming the position of Chairman of Alibaba. When discussing the progress of Cainiao's IPO, Cai Chongxin said, "Although the success of the IPO transaction depends on market conditions and relevant approvals, we are confident in Cainiao's business fundamentals." Looking towards the future, he said that Alibaba is more suitable than ever to invest in future growth and is fully prepared. At the end of this fiscal quarter, Alibaba Group's net cash was $63 billion, with free cash flow reaching $27 billion in the past 12 months. Alibaba is in the best financial position to invest for growth, "said Cai Chongxin.
The latest financial report data shows that Alibaba achieved revenue of 224.79 billion yuan during the period, a year-on-year increase of 9%; Adjusted EBITA (a non GAAP financial indicator) increased by 18% year-on-year to 42.845 billion yuan, exceeding market expectations; The non GAAP net profit was 40.188 billion yuan, a year-on-year increase of 19%.
Among them, Cainiao, which has submitted an independent IPO application, has a quarterly revenue of 22.823 billion yuan, a year-on-year increase of 25%, mainly driven by the revenue from cross-border logistics performance solutions. During the same period, Cainiao's adjusted EBITA was 906 million yuan, and its profitability continued to improve.
Alibaba also confirmed in its financial report that Hema's initial public offering plan is temporarily suspended, and the group is evaluating the market conditions and other factors necessary to ensure successful project implementation and enhance shareholder value. At the same time, Alibaba International Digital Business Group is preparing for external financing.
Wu Yongming revealed that Alibaba will have three important priority directions for the future: technology driven internet platform business, AI driven technology business, and global business network. He also provided a comprehensive introduction to the development strategies and priorities of each business group for the first time.
When discussing the future development priorities of Alibaba Cloud Intelligence, Wu Yongming reiterated that Alibaba Group will maintain long-term and resolute investment in Alibaba Cloud's strategic direction, and Cloud Intelligence Group will continue to maintain an independent company operation mode, adopting a CEO responsibility system authorized by the board of directors.
This fiscal quarter, Alibaba Cloud continued to improve revenue quality by reducing revenue from project based contracts with lower profit margins. At the same time, revenue from public cloud products and services increased, driving profitability optimization. Adjusted EBITA increased by 44% year-on-year to 1.409 billion yuan. Alibaba Cloud has advantages in pricing power, high renewal rate, and providing scalable replication of cloud computing infrastructure resources and application service products, "said Wu Yongming." In the future, we will continue to make trade-offs between all products and business models, reduce project based sales orders, increase investment in public cloud core products, and continuously improve the revenue quality of cloud business
Cai Chongxin stated that Alibaba will continue to support business development with a strong balance sheet. In addition, although each business operates independently, Alibaba will ensure long-term strategic synergy between each business. In the future, measures will be taken to enhance shareholder returns by improving the investment return rate of the business, utilizing cash flow to invest in future growth, realizing the value of non core assets, distributing dividends, and promoting stock repurchases.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。   郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
    uturn
    前天 14:42
    支持
    反对
    回复
    收藏
  •   10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
    yxtianyouyou
    3 天前
    支持
    反对
    回复
    收藏
  •   交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
    blueskybb
    昨天 09:27
    支持
    反对
    回复
    收藏
  •   近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
    llyyy2008
    昨天 11:01
    支持
    反对
    回复
    收藏
紫愿 新手上路
  • 粉丝

    0

  • 关注

    0

  • 主题

    0