dk7comslot| Ali announced: dividend distribution, repurchase

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On May 14, Alibaba released results for the quarter ended March 31, 2024 and fiscal year 2024 (April 1, 2023 to March 31, 2024). Wu Yongming, CEO of Alibaba Group, defined the report card as "the strategy is working and Ali is getting back on the growth track."

The financial report also disclosed that Alibaba's board of directors has approved the payment of dividends for fiscal year 2024, including annual regular cash dividends and one-time special cash dividends, totaling about $4 billion. At the same time, Alibaba continues to implement the share buyback plan and continues to improve shareholder returns, demonstrating his confidence in future development.

"based on the leading product portfolio, strong layout of AI infrastructure and active industry partnership strategy, we are confident that Aliyun's commercial revenue (excluding group customers) will return to double-digit growth in the second half of fiscal 2025," Wu said on the analyst call. According to the financial report, Aliyun's revenue was 1063 in fiscal year 2024.Dk7comslot74 billion yuan, an increase of 3% over the same period last year.

Ali also disclosed in the financial reportDk7comslotThe latest progress of the voluntary conversion to the dual major listing on the Hong Kong Stock Exchange is expected to be completed by the end of August 2024.

This is the second time that Alibaba has announced an annual dividend, which totaled about $2.5 billion in fiscal 2023. The company's revenue rose 7% to 2218 in the quarter compared with the same period last year, according to the financial report.Dk7comslot74 billion yuan, an adjusted EBITA (a non-GAAP financial indicator) fell 5% to 23.969 billion yuan from a year earlier, mainly due to increased investment in e-commerce business and retention incentives granted to rookie employees.

Taobao GMV, orders achieve double-digit growth

In fiscal year 2024, Alibaba Group's revenue reached 941.168 billion yuan, and adjusted EBITA profit increased by 12% to 165.028 billion yuan compared with the same period last year.

On the ongoing analyst conference call, Wu Yongming said that Taotian Group's "user first" strategy has worked and received positive feedback from consumers around the input of price power and user experience. Quarterly strong growth in the number of buyers and purchase frequency, driving GMV to achieve double-digit strong growth. The number of 88VIP members exceeds 35 million. In fiscal year 2025, Taotian GMV is expected to continue to grow healthily as the consumer experience improves.

"with the gradual progress of product improvement and investment strategy under the 'user first' strategy, we are confident that we will continue to win consumer trust and maintain a leading position in market share." Wu Yongming said.

According to the financial report, Taotian Group achieved 93.216 billion yuan in revenue in the quarter ending March 31, 2024, driven by the strong growth in the number of purchasing users and transaction frequency, an increase of 4% over the same period last year. Customer management fee (CMR) revenue increased by 5% year-on-year, comprehensively exceeding market expectations.

Aliyun's external revenue will return to double-digit growth in the second half of fiscal year 2025

Aliyun's revenue rose 3 per cent to 25.595 billion yuan in the quarter, according to the financial report. Among them, revenue from core public cloud products achieved double-digit growth, while cloud products related to AI achieved triple-digit growth. Aliyun continued to be profitable in the quarter, with an adjusted EBITA growth of 45% year-on-year to 1.432 billion yuan, mainly due to improved product structure and operational efficiency brought about by the focus on public cloud.

According to the financial report, Aliyun AI-related revenue growth accelerated, continued to achieve triple-digit year-on-year growth during the quarter. This growth comes from a wide range of industries, including the demand for model training and reasoning services from basic model companies and Internet companies, as well as the demand growth of AI model applications from finance, automotive and other industries.

Wu Yongming said on the analyst conference call that Aliyun has completed the adjustment of its product strategy for the AI era this quarter, and the revenue quality continues to improve. Next, Tongyi Big Model and Aliyun's advanced AI infrastructure will be deeply integrated to achieve co-optimization at the hardware and software level. "strive to create an AI development platform with top AI capabilities and excellent cost-effectiveness for the industry, and redefine the industry's price-to-performance benchmark."

"based on the leading product portfolio, strong layout of AI infrastructure and active industry partnership strategy, we are confident that Aliyun's commercial revenue (excluding group customers) will return to double-digit growth in the second half of fiscal year 2025." Wu Yongming said.

Buy back shares at US $12.5 billion in fiscal year 2024

The financial report also showed that in fiscal year 2024, Alibaba bought back a total of 1.249 billion common shares (equivalent to 156 million American depositary shares) for a total of $12.5 billion, which net reduced Alibaba's outstanding shares by 5.1 per cent after taking into account shares issued under the employee stock ownership plan.

For the whole of fiscal year 2024, Cainiao's revenue rose 28% year-on-year to 99.02 billion yuan, according to the financial report. In addition, driven by the rapid growth of ele.me and Gaode orders, Alibaba local life group's revenue in fiscal year 2024 rose 19 per cent to 59.802 billion yuan, while its loss narrowed to 9.812 billion yuan from 13.148 billion yuan in 2023, reducing losses by more than 25 per cent. The revenue of non-core business classified as "other" reached 192.331 billion yuan in fiscal year 2024. Among them, the income of box horses continues to grow.