It is hard to be at peace if you don’t lie down
It is hard to be at peace After major Internet companies gradually achiev interconnection, Jiang Fan recently took over Taobao again. This move means Alibaba’s recognition of this young man and also reveals its determination to turn around the core e-commerce business.
As major Internet companies such as Alibaba
JDcom, and Pinduoduo have releas their third-quarter 2024 financial reports, they have all reveal that the growth rate of the e-commerce vp facility managers email lists market has slow down, and the growth pressure on their main e-commerce businesses has further emerg . After the implementation of a series of cost-cutting and efficiency-enhancing measures, new growth potential remains to be releas .
This year’s Double 11 promotion was originally a window period for year-end performance boost. Although the duration of this year’s Double 11 promotion became the longest in history, the popularity was the coldest in history.
In addition, this year, major companies have been exploring
The power of artificial intelligence. Not only have they gradually empower their main businesses with AI models, but they have also stat that if you want to find unknown they will continue to increase investment in artificial intelligence models. However, the effect will not be apparent for some time. What will happen to the major e-commerce platforms that are unwilling to lie flat? How should merchants respond?
Cats and dogs fight, it is difficult to reverse It is hard to be at peace the “slowdown”
Let’s look at Alibaba first. In the third quarter of this year, Alibaba’s revenue grew 5% to 236.5 billion yuan, but its adjust net profit fell 9% to 36.5 billion yuan.
From the perspective of specific businesses
Alibaba’s domestic business revers the decline It is hard to be at peace of the previous quarter. Taobao’s revenue was 99 billion yuan, a year-on-year increase of 1%, and mobile lead a year-on-year decrease of 1% in the previous quarter. Among them, customer management revenue was 70.36 billion yuan, a year-on-year increase of 2%. China’s wholesale business revenue increas by 18% year-on-year. The direct business also narrow from a 9% decline in the previous quarter to a year-on-year decrease of 5%. However, due to Taobao’s strengthen user investment, it has affect the business profit performance to a certain extent, and the adjust EBITA has declin by 5% year-on-year.
As for the decline in profits, Alibaba explain in its financial report that it was mainly due to increas investment in e-commerce business, which was partially offset by revenue growth and improv operational efficiency. Sales and marketing expenses in the quarter increas by 13.7% year-on-year to 32.47 billion yuan.
