Alibaba Group CEO Wu Yongming said
This quarter, Taobao and Tmall continu to invest Alibaba Group CEO in user experience and enrich product offerings to better serve consumers. We have establish long-term cooperation with technology peers to expand payment and logistics services on Taobao and Tmall platforms, which is expect to bring significant incremental effects to the overall platform.”
The financial report shows that Alibaba
Cloud’s revenue growth has accelerat Alibaba Group CEO compar with the previous quarters, with public cloud product revenue growing by double vp design officers email database digits and AI-relat product revenue growing by triple digits. Wu Yongming said, “We are more confident about the prospects of our core business than before and will continue to invest to support long-term growth.”
It is worth noting that Alibaba continu to repurchase shares during this fiscal quarter, investing US$4.1 billion to repurchase 414 million shares of common stock this quarter. The outstanding shares further decreas by 2.1% compar to the end of June, achieving better returns for shareholders.
The financial report shows that Alibaba’s outstanding
Common shares were 18.62 billion shares 7 problem solving skills as of the quarter end September 30, with a net decrease of 405 million Alibaba Group CEO shares in the quarter. The continuous share repurchase not only creates returns for shareholders, but also highlights the confidence in the long-term development of the business. According to statistics, Alibaba has repurchas more than US$4 billion for three consecutive quarters, leading many Chinese concept stocks.
The number of buyers on Double 11 hit a record high, and the number of 88VIP members reach 46 million
This quarter, Taotian Group continu to invest in improving user experience, resulting in higher purchase frequency, double-digit year-on-year mobile lead growth in order volume, and driving online GMV growth. The number of 88VIP members with high purchasing power continu to grow by double digits year-on-year, reaching 46 million.
Recently, Taotian has adopt a more open strategy towards payment and logistics service providers, allowing more consumers to enjoy a more convenient shopping experience and improving the operating efficiency of merchants. The financial report shows that Taotian’s new transaction users have increas significantly.
