Source: Visual China

In the quarter ended September 30, Alibaba revenue increased 3% year-over-year (YoY) to RMB207.18 billion (US$29.12 billion), missing the analysts’ estimates of RMB208.85 billion. It swung to a RMB22.47 billion net loss that quarter, compared with net income of RMB3.38 billion a year earlier. The loss was primarily attributed to decline in market prices of its investments in publicly-traded companies, and decrease in share of results of equity method investees. Therefore, the company posted non-GAAP net income of RMB33.82 billion with a 19% YoY increase, excluding net gains or losses arising from the changes in fair value of its investments. Adjusted non-GAAP diluted earnings per American depositary share (ADS) accordingly grew 15% YoY to RMB12.92, topping the analysts forecast of RMB11.21.

China commerce, Aliababa’s core business segment, generated RMB 135.43 billion, down 1% YoY. Among them, revenue of the customer management, which tracks how much money merchants provide Alibaba for placements and promotions, fell 7%, while that of direct sales and other gained 6%, mainly driven by robust growth of growth of Freshippo, a grocery chain whose percentage of revenue from online orders remained high at over 65%.

Alibaba admitted the revenue was weighed by the Covid resurgence in China, and also blamed for slowing cross border commerce due to increasing logistics costs and strengthening U.S. dollar. It noted online physical goods GMV generated on two major e-commerce platforms Taobao and Tmall declined low-single-digit YoY excluding unpaid orders, citing soft consumption demand, the spike in Covid cases and related restrictions as well as ongoing competition.

Alibaba also announced to postpone its change of listing status as scheduled on Thursday, the same day it released financial results. We will not complete conversion to the primary conversion by the end of 2022 as planned, considering we still need to formulate and submit a new employee stock ownership program to shareholders in accordance with the new rules of the Hong Kong Stock Exchange (HKEX), according to a filing with the exchange.

Alibaba announced on July 26 to seek the dual primary listing in Hong Kong, an attempt for allowing its shares continue to be traded even if it fails to avoid of being delisted from the U.S. stock market. Once the conversion completes, the company will become a dual primary listed on HKEX and the New York Stock Exchange (NYSE), and the stock marker “S” will be removed from its stock short name on HKEX.

本文內(nèi)容來源:鈦媒體英文站

本文系作者 Li_Dan 授權(quán)鈦媒體發(fā)表,并經(jīng)鈦媒體編輯,轉(zhuǎn)載請注明出處、作者和本文鏈接。
本內(nèi)容來源于鈦媒體鈦度號,文章內(nèi)容僅供參考、交流、學習,不構(gòu)成投資建議。
想和千萬鈦媒體用戶分享你的新奇觀點和發(fā)現(xiàn),點擊這里投稿 。創(chuàng)業(yè)或融資尋求報道,點擊這里。

敬原創(chuàng),有鈦度,得贊賞

贊賞支持
發(fā)表評論
0 / 300

根據(jù)《網(wǎng)絡安全法》實名制要求,請綁定手機號后發(fā)表評論

登錄后輸入評論內(nèi)容

快報

更多

07:09

一季度業(yè)績預告加速披露,近九成公司預喜

07:08

港股IPO活力持續(xù)釋放,科技賽道成資本“新寵”

07:06

美聯(lián)儲4月維持利率不變的概率為97.9%

07:01

港股IPO動態(tài):今日華沿機器人等5股上市

07:01

A股IPO動態(tài):今日悅龍科技上市

2026-03-29 22:59

以色列一工業(yè)區(qū)遭襲,危險物質(zhì)泄漏

2026-03-29 22:22

海南自由貿(mào)易港民營企業(yè)座談會舉行

2026-03-29 22:12

中國科學院院士:全固態(tài)電池或至少再等5年

2026-03-29 22:11

今年以來逾1370萬人次旅客訪港

2026-03-29 22:08

下周(3月30日-4月5日)市場大事預告

2026-03-29 22:06

民調(diào)顯示美國選民對特朗普“不滿意率”創(chuàng)新高

2026-03-29 21:43

納比勒·法赫米將擔任新一任阿盟秘書長

2026-03-29 21:07

群核科技通過港交所聆訊:2025年實現(xiàn)盈利,沖刺“全球空間智能第一股”

2026-03-29 21:05

油價飆升埃及多措施節(jié)能,埃及上調(diào)公共交通票價

2026-03-29 21:05

英矽智能與禮來達成AI藥物研發(fā)合作,交易總值最高可達27.5億美元

2026-03-29 21:04

3月29日新聞聯(lián)播速覽20條

2026-03-29 21:01

中國銀河證券:中長期仍看好科技板塊產(chǎn)業(yè)驅(qū)動與周期板塊漲價線索的雙主線

2026-03-29 20:34

大風、降水來襲,長江江蘇段部分區(qū)域?qū)嵤┡R時交通管制

2026-03-29 19:59

國航C919正式投入北京—廈門、北京—哈爾濱兩條航線運營

2026-03-29 19:57

中鋁國際:2025年歸母凈利潤2.58億元,同比增長16.47%

掃描下載App