Alibaba's financial report is here! Revenue in the third quarter was 221.08 billion yuan, and net profit was 59.21 billion yuan

On the evening of February 2, Alibaba released its third-quarter financial report for fiscal year 2021. As soon as the revenue data came out, industry insiders gave thumbs up.

Driven by multiple engines, Alibaba maintains steady growth

The financial report shows that in the third quarter, Alibaba continued to maintain a steady growth rate, with operating revenue of 221.08 billion yuan , a year-on-year increase of 37%; in terms of profitability, under non-GAAP, net profit was 59.21 billion yuan , a year-on-year increase of 27%.

In this quarter, Ant Group contributed 4.796 billion yuan in profits to Alibaba , and Alibaba Cloud achieved revenue of 16.1 billion yuan, a year-on-year increase of 50%.

In terms of operational data, in December 2020, the number of monthly active mobile users in China's retail market reached 902 million, a net increase of 21 million in a single quarter.

Alibaba's core business also maintained steady growth, with Tmall's physical GMV increasing by 19% year-on-year and customer service revenue increasing by 20% year-on-year.

In addition, Taobao Live’s annual GMV exceeded 400 billion yuan, annual active consumers reached 779 million, and the net increase of new consumers in a single quarter was 22 million, setting a new high in the past eight quarters.

These steadily growing data also reflect how small and medium-sized enterprises have seized digital opportunities and strived to transform during the epidemic.

Take the data from Double Eleven in 2020 as an example. The financial report shows that more than 250,000 brands and 5 million merchants participated, more than 470 brands had sales of more than 100 million yuan, about 30 million new products were released, and the GMV generated by sales increased strongly by 35% year-on-year.

Alibaba International Station's annual transaction volume surged 101%

In 2020, the recurrence of the global epidemic has increased the international market's dependence on Chinese manufacturing. In this process, the global manufacturing industry has tended to return to China.

Customs data show that cross-border e-commerce exports grew 40.1% year - on -year in 2020. Against this backdrop, Alibaba International Station's annual transaction volume surged 101%, and the number of merchants' orders doubled year-on-year .

It is understood that since the beginning of 2020, Alibaba International Station has increased its overseas quality traffic to merchants across the entire network and opened data operation tools. Foreign orders online have gradually warmed up and recovered rapidly.

After the financial report was released, Zhang Yong, Chairman and CEO of Alibaba Group, said that the current situation is that multi-platform and multi-website operations have become the norm, but we have always been the main battlefield for all merchants to operate. Alibaba will further upgrade its ability to create customer value through innovation.

In the special year of 2020, there are gains and losses in big sales, and the revenue situation in the financial reports of various listed companies can also give us a glimpse into the development status of the entire industry.

It can also be seen from customs data that cross-border e-commerce has become the fastest growing mode of trade , and in 2021, the industry will continue to improve.

Financial Report

Cross-border e-commerce market

Alibaba