How much money did Alibaba make last year?
In the fiscal year ending March 31, 2022, Chinese e-commerce corporation Alibaba Group recorded consolidated revenues of around 853.06 billion yuan. This translates to approximately 134.57 billion U.S. dollars.
What is Alibaba main source of revenue?
Alibaba Segment Breakdown: Revenue: China commerce, 71%; International commerce, 7%, Local consumer services, 5%; Cainiao, 5%; Cloud, 8%; Digital media and entertainment, 3%; and innovation initiatives and others, 0.4%; and Adjusted EBITA: China commerce, 100%.
How much of Alibaba’s revenue comes from China?
In the last quarter of 2021, the Chinese e-commerce corporation Alibaba Group generated 69 percent of revenues through their domestic commerce retail business. International e-commerce retail sales accounted for five percent of total revenues.
Why is Alibaba revenue down?
Meanwhile, the company’s shares have fallen over 50% in the last year as China tightened regulation on the country’s technology sector in areas from antitrust to data protection. Last year, Alibaba was hit with a 18.23 billion yuan ($2.8 billion) fine by regulators as part of an antitrust investigation.
How much money did Alibaba make 2021?
Alibaba said group revenue rose about 10% in October-December 2021 to 242.6 billion yuan ($38.37 billion), marking the first time quarterly sales growth has fallen below 20%.
How profitable is Alibaba?
Alibaba (ticker: BABA) is expected to report net income of $5.1 billion for the final three months of 2021, based on the estimates of analysts surveyed by FactSet.
Who sells more Amazon or Alibaba?
When it comes to revenue generation, Amazon is undisputed. As a matter of fact, during the second quarter of 2020, Amazon’s revenue was $88.91 billion against Alibaba’s $22.22 billion. Take a look at this overview comparing the two companies by Compare The Market to get the actual figures as of 2019.
When did Alibaba become profitable?
2002
In 2002, Alibaba.com became profitable three years after launch. Ma wanted to improve the global e-commerce system, so from 2003 onward, Alibaba launched Taobao Marketplace, Alipay, Alimama.com, and Lynx.
Is Amazon more profitable than Alibaba?
When it comes to revenue generation, Amazon is undisputed. As a matter of fact, during the second quarter of 2020, Amazon’s revenue was $88.91 billion against Alibaba’s $22.22 billion.
Is Tencent or Alibaba bigger?
For Alibaba, the company recorded revenue of RMB 841.9 billion (US$15.7 billion) in the last 12 months, a 13.7% growth from the 2020 fiscal year. Meanwhile, Tencent saw full-year 2020 revenue of RMB 482.1 billion which grew to RMB 549.6 billion in the last 12 months, a 14.0% growth.
Does Alibaba make more money than Amazon?
What company is bigger than Amazon?
Walmart. Walmart is another global giant. This big-box department store generates $514.41 billion in net sales per year. That’s more than double Amazon, although a large percentage of Walmart’s sales obviously come from brick-and-mortar purchases.
How big is Alibaba?
By raising an IPO value of $21.8 billion by the end of 2014, Alibaba has grown on to become one of the largest and most valuable ecommerce companies in the world. In fact, on the first day of trading, Alibaba eclipsed both Amazon and eBay.
Why does Alibaba keep going down?
Shares of Alibaba and other Chinese internet companies have been under pressure in the last couple of years amid an unprecedented regulatory crackdown on the sector for violations of antimonopoly, data privacy, and other rules.