Alibaba's annual net income FY 2014-FY 2024
The e-commerce giant Alibaba gained a net income of around 71.3 billion yuan in its fiscal year ending on March 31, 2024, increasing by around nine percent from the previous year. This was primarily attributable to the increase in income from operations.
Alibaba’s success
Founded in 1999, the Alibaba Group didn’t have a promising prospect initially. As it is was founded, the internet was still new to most Chinese consumers and businesses. However, Alibaba has profited a lot from the rapid development of the internet and e-commerce industry in China in the last twenty years and became one of the most successful e-commerce service providers in China.
New opportunities for Alibaba
Alibaba’s success owes primarily to its various e-commerce sales platforms including B2B, B2C and C2C business models. In order to meet developing needs of its customers, Alibaba has invested in its financial services, logistic services, cloud computing services etc. Since the competition of e-commerce is becoming more and more fierce in China, Alibaba is also exploring new areas for its profit increase. One of its recent investments in Chinese courier company STO Express in 2019 could be seen as part of its New Retail strategy of integrating online and offline shopping.
Alibaba’s success
Founded in 1999, the Alibaba Group didn’t have a promising prospect initially. As it is was founded, the internet was still new to most Chinese consumers and businesses. However, Alibaba has profited a lot from the rapid development of the internet and e-commerce industry in China in the last twenty years and became one of the most successful e-commerce service providers in China.
New opportunities for Alibaba
Alibaba’s success owes primarily to its various e-commerce sales platforms including B2B, B2C and C2C business models. In order to meet developing needs of its customers, Alibaba has invested in its financial services, logistic services, cloud computing services etc. Since the competition of e-commerce is becoming more and more fierce in China, Alibaba is also exploring new areas for its profit increase. One of its recent investments in Chinese courier company STO Express in 2019 could be seen as part of its New Retail strategy of integrating online and offline shopping.
