Shanghai (China) (EFE) which represents an increase of 17% in year-on-year terms.
In the income statement that it sent today to the Hong Kong Stock Exchange -where it is listed-, the company indicated that its income increased by 2% in the aforementioned period to 868,687 million yuan (123,554 million dollars, 114,294 million euros) .
By segments, the commerce businesses in China -which report 67% of their turnover to the group and which have the popular portals Taobao and Tmall as the largest exponents- experienced a reduction of 1%, mainly due to the drop in demand in the framework of the ‘zero covid’ policy, which also generated logistical and supply chain disruptions, as well as growing competition in the sector.
For its part, the international trade division, in which portals such as AliExpress stand out -with a presence in Spain-, increased its turnover by 13%, although it only represents 8% of the total technology business.
The cloud computing divisions (+4%) and its logistics arm, Cainiao (+21%), also saw gains, although the digital media and entertainment segment (-2%) did not.
Following the trend of the digital sector globally, Alibaba reduced its workforce by 7.7% throughout its fiscal year, going from about 255,000 employees at the end of March 2022 to about 235,000 on the same date of this financial year.
In the last quarter of its year, the group increased its turnover by 2% to 208,200 million yuan (29,630 million dollars, 27,399 million euros) and obtained a net profit of 23,516 million yuan (3,347 million dollars, 3,095 million euros), thus leaving behind the losses of 16,241 million yuan (2,311 million dollars, 2,137 million euros) that it had had in the same period of the previous year.
