thematichouseoffreecoins: Alibaba: Fiscal fourth-quarter revenue of 2,218houseoffreecoins.74 billion yuan year-on-year increase of 7%
May 14houseoffreecoins, Alibaba Group released its Q4 and full-year results for fiscal year 2024. After a year of proactive changes, Alibaba has returned to a healthy growth track: Double-digit growth in GMV on Tao Antenna, double-digit growth in revenue from Alibaba Cloud's core public cloud products, triple-digit year-on-year growth in AI-related revenue, and 45%. Strong year-on-year growth. This proves that the strategic direction of "user-first, AI-driven" and the investment strategy focusing on the main business are effective, showing good development momentum for the future.
Financial report shows that Alibaba Group's Q4 revenue is 2,218houseoffreecoins.74 billion yuan, a year-on-year increase of 7%, exceeding market expectations. Ali announced a dividend of approximately US$4 billion for fiscal year 2024 and continued repurchase. Q4 repurchased 524 million ordinary shares for US$4.8 billion, and has repurchased US$12.5 billion in shares in fiscal year 2024, continuing to improve shareholder returns.
