Summary by Moomoo AI
Alibaba Group Holding Limited ("Alibaba" or "the Group") announced its unaudited quarterly results for the period ending September 30, 2024, on November 15, 2024. The report shows that the Group's revenue reached RMB 236.503 billion, an increase of 5% year-on-year; the operating profit was RMB 35.246 billion, also up 5% year-on-year. The net profit attributable to ordinary shareholders was RMB 43.874 billion, a year-on-year increase of 63%, while the non-GAAP net profit decreased by 9% year-on-year to RMB 36.518 billion. The diluted eps was RMB 2.27, and the non-GAAP diluted eps was RMB 1.88. Group CEO Wu Yongming stated that the Taobao business continues to invest in user experience and collaborate with technology peers to expand payment and logistics services, while cloud business...Show More