Alibaba Group Holding Ltd.

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See more articles on Alibaba Group Holding Ltd.

Company Background

Alibaba Group, set up in 1999, is China's largest electronic commerce company. Its head office is in Hangzhou, Zhejiang Province. Having grown into an enterprise handling a wide variety of businesses ranging from cloud services and finance to media, besides e-commerce, the company listed on the New York Stock Exchange last year.

Founder Jack Ma, who first used the Internet in the U.S. in the mid-1990s, created in 1999 a website to support e-commerce. His company had initially focused on business-to-business transactions, before opening the Taobao online shopping site for individual users in 2003.

Thanks to the rapid spread of the Internet and expanding consumer spending in China, the users of Taobao soared at a fast pace. Today, Taobao.com for consumer-to-consumer deals and Tmall for business-to-consumer are two pillars of Alibaba's operations. The number of annual active buyers on Alibaba sites has reached 350 million.

Increasingly, more online shoppers are shifting to smartphones. Alibaba is been pushing ahead with efforts to attract smartphone users primarily by improving the convenience of the AliPay online payment system. As a result, the mobile monthly active users of its sites have reached close to 300 million in number. The company intends to enhance its financial business with Alipay at the center as well as to step up its cloud, information technology and big data businesses.

The company raised around $20 billion through its initial public offering in New York in 2014. It is acquiring other companies with the money raised. In August this year, Alibaba bought the majority of new shares issued by China's second biggest retailer, Suning Commerce Group, for 28.3 billion yuan, becoming the second largest shareholder in Suning. In China, Tencent and other local rivals are reinforcing strategies to erode Alibaba's dominance in e-commerce.

After failing to pass university entrance exams twice, Jack Ma once gave up going higher education and worked as a driver. A self-made man, he enjoys strong popularity among Chinese.

Business Summary

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce, Cloud Computing, Digital Media & Entertainment, and Innovation Initiatives and Others. The Core Commerce segment consists of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers a complete suite of cloud services, including elastic computing, database, storage, network virtualization, large scale computing, security, management and application, big data analytics, a machine learning platform and Internet of Things (IoT) services. The Digital Media & Entertainment segment relates to the Youko Tudou and UC Browser businesses. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, and Tmall Genie. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

Financial Highlights

Mar 2022	USD
Revenue	132,931.18M	132,931.18M
Gross Profit	47,170.77M	47,170.77M
Operating income	14,885.34M	14,885.34M
Income before tax	9,279.57M	9,279.57M
Net income	9,654.96M	9,654.96M
EBITDA	22,010.90M	22,010.90M
Diluted EPS	3.54	3.54
Dividends Per Share	0	0
Total Assets	267,313.93M	267,313.93M
Total liabilities	96,697.19M	96,697.19M
Total equity	149,536.50M	149,536.50M
Operating cash flow	22,245.88M	22,245.88M
	Currency in USD	Currency in USD

Historical Data

USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	37,762.20M	56,149.34M	73,162.45M	105,795.79M	132,931.18M
Gross Profit	20,657.05M	24,142.44M	31,217.02M	42,086.66M	47,170.77M
Operating income	10,654.07M	8,929.05M	13,712.67M	13,475.93M	14,885.34M
Income before tax	15,149.63M	14,336.82M	23,919.74M	24,421.75M	9,279.57M
Net income	9,654.58M	13,052.30M	21,424.78M	22,169.52M	9,654.96M
EBITDA	13,956.26M	14,432.48M	19,774.10M	20,418.47M	22,010.90M
Diluted EPS	3.69	4.97	8.02	8.06	3.54
Dividends Per Share	0	0	0	0	0
Total Assets	114,005.27M	143,615.51M	185,114.54M	257,858.88M	267,313.93M
Total liabilities	44,135.13M	52,033.27M	61,092.32M	92,537.60M	96,697.19M
Total equity	58,169.49M	73,257.64M	106,505.19M	143,023.18M	149,536.50M
Operating cash flow	18,886.83M	22,495.10M	25,923.80M	34,187.03M	22,245.88M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	37,762.20M	56,149.34M	73,162.45M	105,795.79M	132,931.18M
Gross Profit	20,657.05M	24,142.44M	31,217.02M	42,086.66M	47,170.77M
Operating income	10,654.07M	8,929.05M	13,712.67M	13,475.93M	14,885.34M
Income before tax	15,149.63M	14,336.82M	23,919.74M	24,421.75M	9,279.57M
Net income	9,654.58M	13,052.30M	21,424.78M	22,169.52M	9,654.96M
EBITDA	13,956.26M	14,432.48M	19,774.10M	20,418.47M	22,010.90M
Diluted EPS	3.69	4.97	8.02	8.06	3.54
Dividends Per Share	0	0	0	0	0
Total Assets	114,005.27M	143,615.51M	185,114.54M	257,858.88M	267,313.93M
Total liabilities	44,135.13M	52,033.27M	61,092.32M	92,537.60M	96,697.19M
Total equity	58,169.49M	73,257.64M	106,505.19M	143,023.18M	149,536.50M
Operating cash flow	18,886.83M	22,495.10M	25,923.80M	34,187.03M	22,245.88M

Valuation Measures

Mar 2022
PER	30.36
ROA	3.67%
ROE	6.60%
Operating margin	11.19%
Profit margin	7.26%

Key executives

Executive Chairman & Chief Executive Officer: Yong Zhang
President & Director: John Michael Evans
Chief Financial Officer: Hong Xu
Chief Technology Officer: Li Cheng
VP, Head-Global Intellectual Property Enforcement: Matthew Bassiur

Shareholders

PRIMECAP Management Co. (0.6%)
Dodge & Cox (0.5%)
HSBC Global Asset Management (UK) Ltd. (0.5%)
Goldman Sachs International (0.4%)
T. Rowe Price Associates, Inc. (Investment Management) (0.4%)
Goldman Sachs & Co. LLC (Private Banking) (0.3%)
Temasek Holdings Pte Ltd. (Investment Management) (0.3%)
Credit Agricole Corporate & Investment Bank SA (0.3%)
JPMorgan Securities LLC (Investment Management) (0.2%)
FIL Investment Advisors (UK) Ltd. (0.2%)

Contact Details

Website:http://www.alibabagroup.com
Address: 699 Wang Shang Road, Binjiang District, Hangzhou, 310052, China
Phone: +86.571.8502.2088

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Competitors

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momo.com Incorporated
NAVER Corp.
Vipshop Holdings Ltd Sponsored ADR
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MercadoLibre, Inc.
Pinduoduo, Inc. Sponsored ADR Class A
PT Bukalapak.com Tbk
Wayfair, Inc. Class A
Zalando SE
Yandex NV Class A
Alphabet Inc. Class A
Seven & I Holdings Co., Ltd.
OVH Groupe SAS
DHH S.p.A
D-MARKET Elektronik Hizmetler ve Ticaret AS Sponsored ADR
Jumia Technologies AG Sponsored ADR
Allegro.eu Societe anonyme
Gradiant Corporation
VeriSign, Inc.
Siam Makro Public Co. Ltd.
iQIYI, Inc. Sponsored ADR Class A

Last Updated on 8 Dec, 2022