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1、AlibabaGroupAnnouncesMarchQuarterandFullFiscalYear2020ResultsHangzhou,China,May22,2020–AlibabaGroupHoldingLimited(NYSE:BABAandHKEX:9988,“Alibaba”or“AlibabaGroup”)todayannounceditsfinancialresultsforthequarterandfiscalyearendedMarch31,2020.“Alibabaachievedthehistori
2、cmilestoneofUS$1trillioninGMVacrossourdigitaleconomythisfiscalyear,”saidDanielZhang,ChairmanandChiefExecutiveOfficerofAlibabaGroup.“Ouroverallbusinesscontinuedtoexperiencestronggrowth,withatotalannualactiveconsumerbaseof960millionglobally,despiteconcludingthefiscal
3、yearwithaquarterimpactedbytheeconomiceffectsoftheCOVID-19pandemic.Thepandemichasfundamentallyalteredconsumerbehaviorandenterpriseoperations,makingdigitaladoptionandtransformationanecessity.Wearewellpositionedandpreparedtohelplargeandsmallbusinessesacrossawidespectr
4、umofindustriesachievethedigitaltransformationtheyneedtosurvivethisdifficultperiodandeventuallyprevailinthenewnormal.Byfocusingonthelongtermandinvestinginvaluecreationforourconsumersandbusinesscustomers,webelievewewillemergefromthiscrisisstrongerandbereadytocapturem
5、oregrowthinthefuture.”“DespiteachallengingquarterduetoreducedeconomicactivitiesinlightoftheCOVID-19pandemicinChina,weachievedourannualrevenueguidanceofoverRMB500billion.Revenuegrowthof35%year-over-yearwasdrivenbysolidperformanceofourdomesticretailbusinessesaswellas
6、robustcloudcomputingrevenuegrowth,”saidMaggieWu,ChiefFinancialOfficerofAlibabaGroup.“OuradjustedEBITDAgrew29%year-over-year,reflectingourdisciplineinallocatingresourcestokeystrategicgrowthareaswhileoptimizingcostsandimprovingefficiency.Althoughthepandemicnegatively
7、impactedmostofourdomesticcorecommercebusinessesstartinginlateJanuary,wehaveseenasteadyrecoverysinceMarch.BasedonourcurrentviewofChinesedomesticconsumptionandenterprisedigitization,weexpecttogenerateoverRMB650billioninrevenueinfiscalyear2021.”BUSINESSHIGHLIGHTSInthe
8、quarterendedMarch31,2020:·RevenuewasRMB114,314million(US$16,144million),anincreaseof22%year-over-year.·AnnualactiveconsumersonourChinaretailmarke
