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1、May22,2020MarchQuarter2020andFullFiscalYear2020ResultsDisclaimerThispresentationcontainscertainfinancialmeasuresthatarenotrecognizedundergenerallyacceptedaccountingprinciplesintheUnitedStates(“GAAP”),includingadjustedEBITDA(includingadjustedEBITDAmargin),adjustedEBITA(includingadjus
2、tedEBITAmargin),marketplace-basedcorecommerceadjustedEBITA,non-GAAPnetincome,non-GAAPdilutedearningspershare/ADSandfreecashflow.Forareconciliationofthesenon-GAAPfinancialmeasurestothemostdirectlycomparableGAAPmeasures,seeGAAPtoAdjusted/Non-GAAPMeasuresReconciliation.Thispresentation
3、containsforward-lookingstatements.Thesestatementsaremadeunderthe“safeharbor”provisionsoftheU.S.PrivateSecuritiesLitigationReformActof1995.Theseforward-lookingstatementscanbeidentifiedbyterminologysuchas“will,”“expects,”“anticipates,”“future,”“intends,”“plans,”“believes,”“estimates,”
4、“potential,”“continue,”“ongoing,”“targets,”“guidance”andsimilarstatements.Amongotherthings,statementsthatarenothistoricalfacts,includingstatementsaboutAlibaba’sstrategiesandbusinessplans,Alibaba’sbeliefs,expectationsandguidanceregardingthegrowthofitsbusinessanditsrevenue,thebusiness
5、outlookandquotationsfrommanagementinthispresentation,aswellasAlibaba’sstrategicandoperationalplans,areorcontainforward-lookingstatements.Alibabamayalsomakeforward-lookingstatementsinitsperiodicreportstotheU.S.SecuritiesandExchangeCommission(the“SEC”),inannouncementsmadeonthewebsiteo
6、fTheStockExchangeofHongKongLimited(the“HongKongStockExchange”),inpressreleasesandotherwrittenmaterialsandinoralstatementsmadebyitsofficers,directorsoremployeestothirdparties.Forward-lookingstatementsinvolveinherentrisksanduncertainties.Anumberoffactorscouldcauseactualresultstodiffer
7、materiallyfromthosecontainedinanyforward-lookingstatement,includingbutnotlimitedtothefollowing:impactoftheCOVID-19pandemic;Alibaba’sexpectedrevenuegrowth;Alibaba’sgoalsandstrategies;Alibaba’sfuturebusinessdevelopment;Alibaba’sabilitytomaintainthetrustedstatusofitsdigitaleconomy;risk
8、sassociatedwithsust
