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    Devry University
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  • Assistant Financial Analyst
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Category > History Posted 15 Jul 2017 My Price 10.00

Alibaba, writing assignment help

write a 300 words summary for the article in attachment

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
1
Alibaba Group Announces D
ecember Quarter 2016 Results
Revenue up 54% Year-over-year
Hangzhou, China, January 24, 2017
– Alibaba Group Holding Limited (NYSE: BABA) today announced
its financial results for the
quarter ended December 31, 2016.
“Our robust December quarter demonstr
ates the strength of the Chinese
consumer and Alibaba’s ability to
create value across our vast
ecosystem,” said Daniel Zhang, Chief
Executive Officer of Alibaba Group. “The
11.11 Shopping Festival featured Alibab
a at its best, integrating comme
rce, entertainment and social
engagement, all happening globally at
record scale. We are driving the ag
e of ‘New Retail,’ which leverages
big data and innovation to pr
ovide a seamless online and offline experien
ce for nearly half a billion mobile
monthly active users. This retail tr
ansformation will make it even easier
and more efficient for brands and
retailers to engage with thes
e consumers anywhere, anytime.”
“We reported another excellent
quarter, with robust reve
nue growth of 54%. With th
ree quarters of the year
coming in ahead of expectations, we
are adjusting up our 2017 fiscal ye
ar revenue guidance from 48% to
53% year-over-year growth,” said Maggie Wu, Chief Fi
nancial Officer of Alibaba Group. “This quarter we
generated US$4.9 billion in fr
ee cash flow on a non-GAAP basis
1
, enabling us to continue investing in
growth areas globally, including cloud
computing, digital media and entertai
nment and innovation initiatives,
as well as core commerce.”
BUSINESS HIGHLIGHTS
In the quarter ended December 31, 2016:
Revenue was RMB53,248 million (US$7,669 million),
an increase of 54% year-over-year.
Revenue from core commerce increase
d 45% year-over-year to RMB46,576 million
(US$6,708 million).
Revenue from cloud computing increased
115% year-over-year to RMB1,764 million
(US$254 million).
Revenue from digital media and entertainmen
t increased 273% year-over-year to RMB4,063
million (US$585 million).
Revenue from innovation initiatives and others
increased 61% year-
over-year to RMB845
million (US$122 million).
1
For the quarter ended Decem
ber 31, 2016, net cash provid
ed by operating activities wa
s RMB37,416 million (US$5,389
million) and non-GAAP free cash flow wa
s RMB34,122 million (US$4,915 million).
2
Mobile MAUs on our China retail marketplaces r
eached 493 million in December, an increase of 43
million over September, while annual active buyers
on our China retail marketplaces reached 443
million, an increase of 4 million from the 12-month period ended in September.
The number of paying customers of our cloud
computing business grew
to 765,000 from 651,000 in
the previous quarter. Operating loss from
cloud computing was RMB339 million (US$49 million)
and adjusted EBITA loss was RMB92 million (US$13 million).
Net income was RMB17,157 million (US$2,471 milli
on), income from operations was RMB20,664
million (US$2,976 million) and adjusted EB
ITDA was RMB27,021 million (US$3,892 million).
Operating margin was 39%, adjusted EBITDA margin was 51% and adjusted EBITA margin for core
commerce was 64%.
Diluted EPS was RMB6.94 (US$1.00) and non-GAAP diluted EPS was RMB9.02 (US$1.30).
Net cash provided by operating activities
was RMB37,416 million (US$5,389 million) and non-
GAAP free cash flow was RMB
34,122 million (US$4,915 million).
BUSINESS AND STRATEGIC UPDATES
Core Commerce
Taobao – personalized data powering higher consumer engagement.
Taobao App’s highly relevant and
engaging content continues to
drive mobile user grow
th, with our China retail marketplaces adding 43
million MAUs from September to 493 million MAUs in
December. Consumers are engaging with our
Taobao platform to experience social commerce and obt
ain consumer information,
reflecting user behavior
beyond conducting transactions and demons
trating the substantial marketing va
lue of the platform to brands
and merchants. By leveraging data to deliver a pers
onalized experience, we con
tinue to drive increasing
traffic, strong user engagement
and higher consumer mind share.
Tmall – another record breaking 11.11.
The 2016 11.11 Global Shopping Festival was another record
breaking event. The success of the festival demons
trated the scale, capabi
lities and strength of the
infrastructure we have been building for future commerce.
We recorded RMB120.7 billion (US$17.4 billion)
in GMV settled through Alipay on our marketpla
ces, of which 82% was generated from mobile.
Our
technology infrastructure processed around 175,000 peak
orders per second. Cainiao Network helped
merchants and third-party logist
ics companies process over 657
million delivery orders with a higher level of
consumer satisfaction th
an prior years.
International expansion – laying the foundation for long-term growth.
Our cross-border and
international consumer businesses saw robust growth
during the quarter. These businesses comprise Tmall
Global for cross-border imports, Al
iExpress for cross-border exports, and Lazada for the Southeast Asia
market. We continue to see opportunities in overseas
markets where we bring a unique value proposition to
merchants and consumers. For instance, Tmall Global pr
ovides global brands, retail
ers, small businesses and
farmers from economies around the world access to
over 440 million Chinese consumers on our platform.
Further, we continue to invest in
the commerce infrastructure in emerging markets, such as Southeast Asia,
to expand merchant and consumer o
pportunities and capture th
e long-term growth poten
tial of cross-border
and local trade.
Achievements in anti-counterfeiting.
More than 100,000 brands do business on Alibaba’s marketplaces – a
clear demonstration of the trust that they place in us.
Over the past year, our anti-counterfeiting initiatives
3
have produced effective results and mo
re brands have decided to proactiv
ely work with us in joint anti-
counterfeiting initiatives. Recently we formed a coaliti
on with about twenty major brands to leverage our big
data capabilities to crack down on
counterfeiting. These brands incl
ude Louis Vuitton, Samsung, Swarovski,
Mars, Inc. and Ford Motor Company.
Cloud Computing
Paying customers for cloud computing grew to 765,000,
an increase of about 114,000 from last quarter,
driving revenue to RMB1,764 million (US$254 million) dur
ing the quarter, reflecting a 115% year-over-year
growth. Alibaba Cloud’s top priority remains expanding ma
rket leadership. We will continue to invest in
customers through more cost effectiv
e solutions for standard products
as well as developing and deploying
more sophisticated value-adde
d products and services.
Alibaba Cloud expanded its global fo
otprint with new data center la
unches in Japan, Germany, the Middle
East and Australia during the quarter. Its internati
onal expansion will provide customers worldwide with
greater access to its diverse offerings
, including elastic computing, data st
orage and cloud security services.
Digital Media and Entertainment
In November, we consolidated the Digital Media a
nd Entertainment businesses
under a single management
team to realize greater synergies wi
thin the segment and with other Al
ibaba businesses. For instance, Youku
Tudou participated in the 11.11 Global Shopping Festival
for the first time and show
cased live streaming of
the Countdown Gala Celebration to m
illions of users on the Youku Tudou App.
We maintained our competitive posi
tion in digital entertainment in Ch
ina through a combination of licensed
premium content as well as self-produced and join
t-produced programming, achie
ving synergies across our
entertainment platforms on both mob
ile and living room screens.
New Retail Strategy and Investments
“New Retail” leverages our substantial consumer re
ach and our capabilities in
big data technology to
transform traditional retail by addressing the increasin
gly sophisticated needs of consumers and improving
efficiency across the entire value chain of brands and re
tailers. Our New Retail strategy will enable us to tap
into the entire US$4.8 trillion retail sector in China by
eliminating the distinction
between online and offline
commerce, as Chinese consumers today engage in co
mmerce anywhere, any time with the help of mobile
phones. To this end, we are partnering
with brick-and-mortar retailers in
different verticals through equity
investments and deeper operational
integration, which will allow us to
deploy our proprietary omni-channel
solutions to create a seamless
shopping experience for consumers.
Sanjiang Shopping Club –
In November 2016, we agreed to inve
st RMB2.1 billion (US$302 million) for a
35% equity stake (including shares
and convertible bonds) in Sanjiang
Shopping Club, one of the leading
neighborhood grocery chains in Zh
ejiang Province. Enabled by Alib
aba’s technology solutions, Sanjiang
plans to pilot a new shopping format
at its local grocery stores to enha
nce the shopping experience for fresh
and perishable products.
Intime Retail Group –
On January 10, 2017, we announced an offer to
acquire a controlling stake in Intime
Retail Group, a leading department st
ore operator in China with 29 depart
ment stores and 17 shopping malls.
We expect that the maximum amount of cash requir
ed for the transaction will be approximately HK$19.8
billion (US$2.6 billion).

 

 

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Status NEW Posted 15 Jul 2017 06:07 AM My Price 10.00

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