Alibaba Group Holding Limited reported an 8% year-over-year increase in revenue, reaching 280.15 billion yuan (around US$38.46 billion), according to its financial results for the quarter ending December 31, 2024

Net income attributable to shareholders rose 333% year-over-year to 48.95 billion yuan (around US$6.7 billion).

This increase was influenced by operational income growth and equity investment gains.

The e-commerce segment, including Taobao and Tmall Group, experienced a 9% increase in customer management revenue, totaling 100.79 billion yuan (around US$13.8 billion).

Revenue from Alibaba International Digital Commerce Group climbed 32% to 37.75 billion yuan (arouND US$5.2 billion). This growth was driven by cross-border activities and expansion in European and Gulf markets.

The Cloud Intelligence Group reported a 13% revenue increase, totaling 31.74 billion yuan (around US$4.35 billion). This growth has been supported by the increased adoption of AI-related products, alongside milestones in AI innovation, including the open-source Qwen model family.

The company reported net cash from operating activities of 70.92 billion yuan (US$9.7 billion), reflecting a 10% year-over-year improvement.

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