Highlights

  • Strong revenue growth of 37% YoY (Year Ending December 31, 2020)
  • Robust profit growth with adjusted EBITDA up 22% YoY
  • Cloud computing revenue grew 50% YoY in the quarter ended December 31, 2020 to RMB16.1 billion (US$2.5 billion) and was profitable for the first time

December Quarter Financial Review

  • Revenue was RMB221.1 billion (US$33.9 billion), an increase of 37% YoY
  • Adjusted EBITDA increased 22% YoY to RMB68.4 billion (US$10.5 billion)
  • Net income attributable to ordinary shareholders increased 52% YoY to RMB79.4 billion (US$12.2 billion), mainly due to an increase in the net gain arising from increases in the market prices of our equity investments in publicly-traded companies in the quarter ended December 31, 2020
  • Non-GAAP net income was up 27% YoY to RMB59.2 billion (US$9.1 billion)
  • Non-GAAP free cash flow grew 23% YoY to RMB96.2 billion (US$14.7 billion), mainly due to our robust profit growth

Strength in Core Commerce
Robust Quarterly Performance Aiding Business Recovery

  • Core commerce revenue of RMB195.5 billion (US$30.0 billion), up 38% YoY
  • Tmall online physical goods GMV, excluding unpaid orders, up 19% YoY, supported primarily by rapid growth of FMCG and home furnishing categories, while growth of the consumer electronics category accelerated YoY
  • Purchases of products warehoused and shipped from overseas by Tmall Global grew rapidly, achieving triple-digit year-over-year growth in GMV, excluding unpaid orders, during the December quarter.
  • The 2020 11.11 Global Shopping Festival[1] yielded strong results, attracting a total of over 250,000 brands and 5 million merchants, generating RMB498.2 billion (US$74.1 billion) in GMV, excluding unpaid orders, an increase of 26% compared to the same timeframe in 2019

Source: Alibaba news