Alibaba’s profit up 77% in FY24-25

Hangzhou, 15th May: Earlier this week, China’s largest e-commerce company, the Alibaba Group, announced its financial results for the year ended 31st March 2025. Revenues in the financial year were US$137 billion, representing year-on-year growth of 6%. Net income in the year jumped 77% over the previous year, reaching US$17 billion. Diluted earnings per share for the year were RMB 53.59 (US$7.38).

In terms of its B2B business, revenues generated from Alibaba’s B2B business in China under the Taobao and Tmall Group, mainly through its 1688.com platform, were US$3.35 billion, resulting in a year-on-year increase of 19%. The international B2B business under the Alibaba International Digital Commerce Group, primarily on Alibaba.com, posted a 14% increase in revenues, amounting at US$3.28 billion. The B2B businesses only accounted for just 4.8% of Alibaba’s total revenues.

The Alibaba Group also released its results for the quarter ended 31st March, with revenues of US$33 billion, representing moderate growth of 7% year-on-year. Net profit in the quarter was 12 times the same quarter in 2024, amounting at US$1.7 million.

Eddie Wu, Chief Executive Officer of Alibaba Group, was quoted, “Our results this quarter and for the full fiscal year demonstrate the ongoing effectiveness of our ‘user first, AI-driven’ strategy, with core business growth continuing to accelerate. Driven by strong demand for AI, Cloud Intelligence Group quarterly revenue growth accelerated to 18%, with AI-related product revenue achieving triple-digit growth for the seventh consecutive quarter. Customer management revenue at Taobao and Tmall Group grew 12% this quarter, reflecting the sustained impact of investments in user experience and effective monetization. Looking ahead, we will remain focused on our core businesses and continue to drive AI + Cloud as a new engine for our long-term growth.”