[Global Science and Technology Report] According to the report of CNBC on August 17, Ali’s revenue increased by 56% in the first quarter, higher than expected. This increase was mainly driven by the largest online shopping industry.
Ali's stock has grown by more than 81% this year. This is mainly due to Alibaba's steadily growing commercial income and the rapid development of cloud computing and entertainment industries. According to Thomson Reuters, Ali won 50.1 billion renminbi for the three months ended June 30, surpassing the expected average of 47.7 billion renminbi.
Alibaba Chief Executive Zhang Yong said: "Our technology is driving the development of the entire Ali Group, and is also raising Ali's position outside of its core industry."
In the first quarter, Ali’s core e-commerce revenue accounted for 86% of total revenue, compared with 73% last year. The cloud computing business revenue increased by 96% to 2.4 billion yuan, and the number of paying users exceeded 1 million for the first time, and this number was only 577,000 last year. Ali's cloud business has increased Alibaba's global data center to 17. The two new ones are in India and Indonesia. Entertainment industry revenue increased by 30% to 4 billion RMB.
Ali and JD's performance in the 17th year surpassed the market level, which was mainly due to the "6 • 18" mid-year shopping festival and overseas expansion. In June, Ali increased its full-year revenue growth forecast to 45%-49%.
Ali is accelerating the promotion of its e-commerce infrastructure in Southeast Asia, including up to 1 billion yuan in investment in Singapore’s largest electronic e-commerce platform, Lazada. In addition, Ali actively seeks overseas markets such as Russia and the United States. (Internship Compilation: Wang Xi Editor: Li Zongze)
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