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Alibaba Group Announces March Quarter 2018 Results and
Full Fiscal Year 2018 Results
Hangzhou, China, May 4, 2018 – Alibaba Group Holding Limited (NYSE: BABA) today announced its
financial results for the quarter ended March 31, 2018 and fiscal year then ended.
“Alibaba Group had an excellent quarter and fiscal year, driven by robust growth in our core commerce
business and investments we have made over the past several years in longer-term growth initiatives,” said
Daniel Zhang, Chief Executive Officer of Alibaba Group. “With the continuing roll out of our New Retail
strategy, our e-commerce platform is developing into the leading retail infrastructure of China. During the
past year we also doubled down on technology development, cloud computing, logistics, digital
entertainment and local services so that we are in a position to capture consumption growth in China and
other emerging markets.”
“Fiscal 2018 culminated with a quarter we are very proud of. Full year revenue grew 58%, core commerce
revenue grew 60%, with profit growth of over 40% and annual free cash flow of US$15.8 billion,” said
Maggie Wu, Chief Financial Officer of Alibaba Group. “Looking ahead to fiscal 2019, we expect overall
revenue growth above 60%, reflecting our confidence in our core business as well as positive momentum in
new businesses. We expect our new growth initiatives will drive long-term, sustainable value for our
customers and partners and increase our total addressable market.”
BUSINESS HIGHLIGHTS
In the quarter ended March 31, 2018:
Revenue was RMB61,932 million (US$9,873 million), an increase of 61% year-over-year.
Revenue from core commerce increased 62% year-over-year to RMB51,287 million
(US$8,176 million).
Revenue from cloud computing increased 103% year-over-year to RMB4,385 million
(US$699 million).
Revenue from digital medi
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