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<Editor's Pick> Revenue up 40% and profits triple, what can we get from Alibaba's Q3 financial report?
This article will explain the Alibaba financial report data and analyze the financial situation of each business segment.
This quarter, Alibaba's net profit increased by 262.1% year-on-year. This was mainly due to the fact that Alibaba confirmed a one-time equity gain of RMB 69.2 billion for Ant Financial in the quarter, resulting in a sharp increase in net profit.
Alibaba's core commerce business is still the only profitable sector, while Alibaba Cloud, Alibaba Digital Media and Entertainment Unit and innovation initiatives Business are still losing money.