Alibaba’s Overseas Retail Orders in FY 2022 Up by 34%

Chinese internet and e-commerce giant Alibaba Group Holding Limited released its official report yesterday for the full fiscal year of 2022 and fourth quarter ended March 31. During the fiscal year, Alibaba‘s revenue grew 19% year-on-year to 853.062 billion yuan ($127.02 billion), while its net profit (Non-GAAP) was 136.388 billion yuan ($20.308 billion), down 21% year-on-year.

According to the financial report, Alibaba Group’s annual active consumers across the world reached about 1.31 billion during the period, showing an annual net increase of 177 million. This included a net increase of 113 million consumers in China and 64 million overseas.

In the past year, Alibaba Group’s overseas digital business sector grew steadily, and the total order volume of its international retail business increased by 34% year-on-year. The highlights of its e-commerce platforms distributed across various regions include: Lazada’s annual order volume increased by 60%, and its localization strategy gained good results; The annual order volume of Trendyol, an e-commerce platform in Turkey and the Middle East, grew by 68%.

In terms of international wholesale business, the transaction volume of foreign trade SMEs on Alibaba.com in the past year increased by 46% year-on-year. As the earliest business of Alibaba Group, Alibaba.com has found a new growth point, which is to open up the digitalized foreign trade service capabilities towards more enterprises. The acceleration of its transformation into a digital foreign trade full-link service platform has brought a substantial increase in value-added service income, with a growth rate of 38%.

Regarding cross-border logistics, Cainiao has continuously strengthened its international logistics performance capability relying on the businesses established in the overseas consumer markets such as AliExpress, Lazada and Trendyol. It has also upgraded its end-to-end logistics network, including eHubs, line-haul, sorting centers and last-mile networks. Cainiao’s daily average cross-border and international package volume exceeded 4.5 million for the full fiscal year.

In addition, cloud computing has come to offer another growth point for Alibaba Group. Alibaba Cloud’s EBITA (“Earnings Before Interest, Taxes, Depreciation, and Amortization”) profit has greatly improved from a loss of 2.251 billion yuan ($335.2 million) for fiscal year of 2021 to a profit of 1.146 billion yuan ($170.6 million) in the fiscal year of 2022, which is the first annual profit since its establishment 13 years ago.

As of March 31, 2022, Alibaba Cloud has provided cloud computing services in 27 regions around the world. It added new data centers in Indonesia, Philippines, South Korea, Thailand and Germany in the past year alone.

Source: Pandaily

You might also like