Hangzhou, China, November 18, 2021 – Alibaba Group Holding Limited (NYSE: BABA and HKEX:
9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter ended September
30, 2021.
“This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption,
globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable
growth in the future,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “Our
global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a
quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of
serving two billion consumers globally.”
“We recorded revenue growth of 29% year-over-year, driven by performance of our diversified businesses,”
said Maggie Wu, Chief Financial Officer of Alibaba Group. “During this quarter, our continued investments
in key strategic areas have resulted in robust growth for these young businesses.”
BUSINESS AND STRATEGIC UPDATES
Commerce
China Retail Marketplaces – comprehensive product supply and engaging user experience to target
the diverse demands of consumers in China
For the twelve months ended September 30, 2021, there were approximately 863 million AACs on our
China retail marketplaces and New Retail businesses, with increasing percentage of new consumers from
lower-tier cities, which reflect our success in broadening product offerings to meet diverse consumer
demand. For the quarter ended September 30, 2021, we recorded single-digit physical goods GMV year-over-year
growth, primarily due to slowing market conditions and more players in the China e-commerce market. By
categories, physical goods GMV growth was slower in the apparel and accessories category, but continued
to be resilient in the consumer electronics and home furnishing categories.
