On the evening of December 22, Alibaba Group released its interim report for the fiscal year 2024 (for the six months ended September 2023, hereinafter referred to as the "semi annual report").
The report shows that in the first half of the fiscal year, Alibaba Group's fundamentals were stable, achieving a year-on-year increase of 11% in revenue, a 25% year-on-year increase in adjusted EBITA, and a 52% year-on-year increase in operating profit. Among them, Taotian Group's revenue increased by 8% year-on-year; Strong performance in overseas business, with Alibaba International Digital Business Group's revenue increasing by 47% and Cainiao Group's revenue increasing by 29%; The local lifestyle group's revenue increased by 22%, while the large cultural and entertainment group's revenue increased by 21%.
In the first half of the fiscal year, Taotian Group's adjusted EBITA increased by 6% year-on-year. According to Goldman Sachs China Internet's latest monthly report, the total duration of Chinese internet e-commerce users significantly increased in November, with Taobao DAU and user duration both increasing by 7% year-on-year.
In the first half of the year, Alibaba International's retail business saw a strong year-on-year growth in overall orders, driving a 66% increase in overall revenue for international retail business.
In the first half of the year, Cainiao Group's revenue increased by 29%, with an adjusted EBITA of RMB 1.783 billion.
In the first half of the year, Alibaba Cloud's adjusted EBITA increased by 26% year-on-year.
According to the semi annual report, as of the end of September, the net cash flow generated from operating activities was RMB 94.537 billion, and the free cash flow was RMB 84.309 billion, a year-on-year increase of 46%.