Alibaba’s financial health in 12 charts

Few expected Jack Ma, a former school teacher earning a modest income, to turn Alibaba into the ecommerce powerhouse it is today. But in the wake of Ma’s departure from the company in 2019, it has struggled to reignite the verve that transformed it into a giant.

Alibaba is now making a course correction, but will it be enough to fend off challengers like Pinduoduo and JD? In this series of charts, which are updated every quarter, we’ll show you the progress that Alibaba has made in building on its earlier successes.

In Q2 2025, Alibaba changed its financial reporting structure by reclassifying Cainiao, Amap, and Digital Media and Entertainment Group into “all others” in their financial statement.

The visuals are interactive. Tap on the legends to hide or show your desired metric. They’re based on earnings releases that can be found here.