Consumer Staples Aug 04, 2021 08:50 PM (GMT+8) · EqualOcean
In the first quarter of fiscal 2022, Alibaba's revenue was CNY 205.74B, the market had expected CNY 209.451B, and CNY 153.751B in the same period last year. Alibaba's net profit in the first quarter of fiscal 2022 was CNY 43.44B, the market expectation was CNY 29.331B and CNY 47.591B in the same period last year. The share buyback program was increased from USD 10B to USD 15B. In this quarter, the number of annual active users in China's retail market reached 1.18 billion, compared with 742 million in the same period last year. Alibaba's fiscal year is not synchronized with the natural year, which begins on April 1 of each year and ends on March 31 of the next year. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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