Alibaba's profit drops by 11.3% in the first half of its fiscal year



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Annual active consumers in China reached 601 million, an increase of 25 million in the last quarter and a growth of 23% compared to the end of September 2017.


Alibaba achieved a net profit of 28,718 million yuan ($ 4,181 million) in the first half of its fiscal year (April to September), 11.3% lower than in the same period of the previous year.

On the contrary, the giant Chinese e-commerce recorded an increase in its revenues of 57.7% to 166.068 billion yuan (24.180 million dollars).
During the last quarter, Alibaba achieved a net profit of 20.033 billion yuan (2.917 billion US dollars). ), 13.39% more than between July and September 2017.

Revenues of new business units recorded significant increases in the last quarter, particularly that of computer-based computing. cloud, which has seen a 91% increase over the previous year. , 7%, to reach 10.365 billion yuan ($ 1,509 million).

Despite this, Alibaba continues to be primarily responsible for retail sales, most of which are carried out via the Taobao electronic portal increased by 58.3% to reach 141.663 billion yuan ($ 20.627 billion) over the course of the year. the same period.

The annual number of active consumers in China reached 601 million, an increase of 25 million in the last quarter. and a growth of 23% over those of late September 2017.

On the other hand, active users in China on mobile devices reached 666 million in September, with an increase of 32 million over June 1965, 21% more than a year.

According to Maggie Wu, financial director of Alibaba Group, "although the growth in our overall profitability during this quarter has been mitigated by In terms of local services, logistics, entertainment and international expansion, our main business continued to show strong growth in earnings and cash flow. "

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