Alibaba's annual report in fiscal year 2023: the platform serves 1 billion Chinese consumers, and Alibaba Cloud Cloud serves 80% of Chinese science and technology innovation enterprises

Tech 2023-07-21 21:55:44 Source: Network

On the evening of July 21, Beijing time, Alibaba Group released its 2023 financial year annual report. The annual report shows that the business targeting Chinese consumers has reached an important milestone of serving 1 billion Chinese consumers last year; In the fiscal year 2023, Alibaba International Digital Business Group served hundreds of millions of overseas consumers and reached over 47 million active small and medium-sized enterprise buyers worldwide; Alibaba Cloud Intelligent Group serves more than 4 million customers worldwide, including 80% of China's technological innovation enterprises and 60% of national specialized, new and small giant enterprises

On the evening of July 21, Beijing time, Alibaba Group released its 2023 financial year annual report. The annual report shows that the business targeting Chinese consumers has reached an important milestone of serving 1 billion Chinese consumers last year; In the fiscal year 2023, Alibaba International Digital Business Group served hundreds of millions of overseas consumers and reached over 47 million active small and medium-sized enterprise buyers worldwide; Alibaba Cloud Intelligent Group serves more than 4 million customers worldwide, including 80% of China's technological innovation enterprises and 60% of national specialized, new and small giant enterprises.

These numbers not only demonstrate the solid progress of Alibaba's business over the past year, but also serve thousands of households and grow together with millions of merchants and businesses.

Alibaba stated that it will continue to rely on the dual drive of consumer internet and industrial internet, serving thousands of households and supporting thousands of businesses. At a new historical starting point from the digital era to the intelligent era, we will better grasp the disruptive opportunities of technology for business transformation, seize the historical opportunity of artificial intelligence technology changing rapidly, and explore greater development space in the future.

Consumption, Cloud Computing, Globalization: Annual Reports are also Action Reports

The 2023 fiscal year is destined to be a landmark year in Alibaba's development process, "Alibaba's annual report wrote. This year, facing the uncertainty of the external environment, all businesses have delivered solid results in serving merchants, customers, and consumers.

In the fiscal year 2023, the platform and merchants will continue to serve 1 billion Chinese consumers, which is an important force in consolidating the online consumption market. Taobao ecology provides the soil for the growth of small and medium-sized businesses. Today, more than 1.7 million stores have been operating on Taobao for more than 10 years. New businesses are also constantly joining. In the past year, Taobao has added 5.12 million new businesses, the vast majority of which are small and medium-sized businesses, including 1.3 million post-2000s businesses. Tmall is one of the most efficient platforms for brand merchants. In the fiscal year 2023, over 124 million active consumers spent over 10000 yuan per person on Taobao Tmall.

Alibaba Cloud Intelligent Group is the third largest cloud computing company in the world and the first in the Asia Pacific region, serving more than 4 million customers worldwide, including 80% of China's technological innovation enterprises and 60% of the national specialized, special and new small giant enterprises. As of March 31, 2023, Alibaba Cloud has provided cloud computing services to 28 regions around the world.

Overseas, Alibaba International Digital Business Group serves hundreds of millions of overseas consumers through its rich local and global products and comprehensive consumer experience, reaching over 47 million active small and medium-sized enterprise buyers from around the world. Adhering to creating value for small and medium-sized businesses and consumers, we have driven businesses such as Lazada, AliExpress, Trendyol, and Daraz to achieve overall positive order growth in the fiscal year 2023.

The rapid development of overseas e-commerce business is complementary to Cainiao's continuous investment in global logistics infrastructure and supply chain capacity construction. After ten years of development, Cainiao is building a globally leading smart logistics network, with a solid layout in domestic and international logistics; In the fiscal year 2023, Cainiao handles an average of over 4 million cross-border and international packages per day. In the future, it will gradually achieve five day delivery of cross-border packages starting from key markets.

In the fiscal year 2023, the platform, along with offline catering and retail enterprises, seized the opportunity for recovery. Local lifestyle groups provide convenient home and destination services to hundreds of millions of Chinese consumers through their platforms. On October 1, 2022, the national travel platform Gaode achieved a record 220 million active users per day.

Alibaba's new retail format, Hema, has over 300 offline stores. In the fiscal year 2023, Hema's overall GMV exceeded 55 billion yuan. Over 90% of Hema Fresh's self operated stores that have been operating for more than a year during the same period have achieved positive cash flow. The high-quality service experience and unique consumer value have helped Hema form a clear business model.

What remains unchanged is value creation

"As the operator of Platform economy, we are committed to taking greater responsibility while pursuing excellent business," Alibaba wrote in its annual report.

In the process of transitioning from digitalization to intelligence, Alibaba has seized the demand and historic opportunities of industrial transformation and technological transformation for the cloud computing market, and has grown rapidly with customers such as small and medium-sized enterprises, manufacturing industries, and high-tech enterprises.

In April this year, Alibaba Cloud released the latest big language model "Tongyi Qianwen". According to the annual report, Alibaba Cloud will open its cloud based Tongyi Qianwen to customers, help them build their own special language model, and launch the "Qianwen Partnership Plan", which covers the first batch of real industries such as oil and gas, electricity, transportation, finance, wine tourism, enterprise service, and communication, further serving the digital and intelligent development of thousands of industries.

As one of the representatives of platform enterprises, Alibaba has always been rooted in the real economy, creating more job opportunities, and contributing to the development of small and medium-sized enterprises, rural revitalization, and other areas. According to the latest calculation by the research team at Renmin University of China, the Alibaba digital ecosystem directly or indirectly created over 70 million job opportunities in the natural year 2022, according to the Alibaba annual report. In the fiscal year 2023, the sales revenue of 832 poverty-stricken counties nationwide on the Alibaba platform exceeded 130 billion yuan, and the total sales revenue of 160 national key counties for rural revitalization exceeded 4.3 billion yuan.

On March 28th of this year, Alibaba launched a 1+6+N organizational transformation, establishing six major business groups and multiple business companies, including Cloud Intelligence Group, Taotian Group, Local Life Group, Alibaba International Digital Business Group, Cainiao Group, and Da Wen Yu Group. Over the past three months, organizational change has been progressing smoothly. The six major business groups have officially established their boards of directors, Cainiao and Hema have launched exploratory IPOs, International Digital Business Group has started exploring external financing, and Cloud Intelligence Group will be completely separated and independent from Alibaba Group to go public.

Alibaba stated in its annual report to shareholders that this organizational change is to some extent an unprecedented exploration in the history of Chinese business, an experiment in which large-scale organizations dare to take the lead, "Facing a new era full of unknowns, we hope to face the baptism of the market through the profound transformation of our own Relations of production, release more internal vitality and creativity, and better grasp the opportunities of the times in the future. We believe that this new governance structure is conducive to the discovery and creation of customer value, business value, and shareholder value, and thus has the opportunity to create greater social value."

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