Eddie Wu

Nov 15, 2024 | alizila.com | Eddie Wu

Alibaba Group reported earnings for the quarter ending September 30 on Friday. Shortly afterward, Alibaba Group’s CEO, Eddie Wu, addressed investors and analysts on an earnings call. This quarter, our core business segments maintained steady growth, guided by our “user-first, AI-driven” strategy. Purchase frequency continued to drive GMV growth on our platform, with interoperability initiatives adding new growth impetus.

Nov 15, 2024 | alizila.com | Eddie Wu

Alibaba Group delivered solid September quarter earnings resulting from continued investments in its core businesses, and management expressed strong confidence in future growth. Over the three months ended September 30, 2024, Alibaba’s quarterly revenue rose 5% year-over-year to RMB236.5 billion (US$33.7 billion). Alibaba’s Chinese commerce platforms, Taobao and Tmall, delivered online gross merchandise value (GMV) growth supported by double-digit year-over-year order growth.

Aug 15, 2024 | alizila.com | Elizabeth Utley |Eddie Wu

Alibaba Group on Thursday reported earnings for the quarter ending June 30. Shortly afterward, Alibaba Group’s CEO Eddie Wu addressed investors and analysts on an earnings call. In the new fiscal year, our strategies of ‘user-first’ and ‘AI-driven’ are starting to bear fruit. This quarter’s results reflect continued steady growth momentum. Taobao and Tmall Group achieved steady year-over-year growth in orders and in GMV. Alibaba International Digital Commerce (AIDC) revenue maintained strong growth.

Aug 15, 2024 | alizila.com | Elizabeth Utley |Eddie Wu

Alibaba Group reaped the early rewards from multi-pronged investments in its core businesses, the Hangzhou-based holding company reported in its June quarter earnings. Over the three months ended June 30, 2024, Alibaba’s quarterly revenue rose 4% year-over-year to RMB243.24 billion ($33.47 billion). Alibaba’s Chinese commerce platforms, Taobao and Tmall, saw a rise in return customers and purchasing frequency as a result of investments made towards enhancing user experience.

Jul 21, 2024 | alizila.com | Elizabeth Utley |Eddie Wu

Alibaba Group reduced greenhouse gas (GHG) emissions from its own operations by 5.0% during the year ended March 31, 2024, according to the company’s latest Environmental, Social and Governance (ESG) report published on Monday. The platform company cut its annual operational emissions by 2.32 million tons, a 63.5% increase from the previous year, as its businesses invested in clean energy and fostered low-carbon practices.