Alibaba Group announced its quarterly performance as of June 30, 2024, with a revenue of 243.2 billion yuan for the first quarter of fiscal year 2025 (end of June quarter), a year-on-year increase of 4%, and an estimated market value of 249.85 billion yuan; Adjusted EBITDA was 51.16 billion yuan, a year-on-year decrease of 1.7%, with an estimated 47.52 billion yuan; NON-GAAP net profit of 40.27 billion yuan; The adjusted net profit was RMB 40.69 billion, a year-on-year decrease of 9.4%. The adjusted earnings per ADS for the first quarter were RMB 16.44, compared to RMB 17.37 in the same period last year.