Consumer Staples Aug 04, 2021 08:54 AM (GMT+8) · EqualOcean
CITIC Securities research report pointed out that Alibaba released fy2022q1 performance, and the core business grew steadily. As of June, the domestic AAC reached 828 million in the quarter, an increase of 17 million in the quarter, and the customer service revenue increased by 14% to 81 billion yuan. Breakthroughs have been made in new businesses such as Taobao Special Edition (AAC over 190 million), Taobao vegetable shopping and HEMA market (Gmv + 200% month on month), leisure fish (MAU over 100 million). Affected by international major customers and the education industry, the revenue growth of cloud business slowed down to 29%. It is expected that the impact of high base will continue throughout 2021, and cloud computing EBITA will continue to be optimized.

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