Alibaba's first financial report after the business split reported results that exceeded expectations across the board.
Hawk_Finance
2023-08-11 15:24:41
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On August 10, Alibaba Group released its financial results for the first quarter of fiscal 2024 (the three months ended June 30, 2023) before the U.S. stock market..5.6 billion yuan, up 14% year-on-year, previously estimated at 2237.500 million yuan。Non-GAAP net profit of 449.2.2 billion yuan, up 48% year-on-year。This is also Alibaba's first financial report after launching organizational changes.。"We expect the changes to continue to have a positive impact on the business, including increasing competitiveness, continued growth, and creating value for shareholders."。Zhang Yong, Chairman and CEO of Alibaba Group, said:。
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