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Calitalism: Alibaba as large monopoly
  • Vitaliy_KiselevVitaliy_Kiselev

    Alibaba Group Holding on January 24 released financial report for the fourth quarter of 2016, posting consolidated revenues of CNY53.248 billion (US$7.669 billion), 54% up on year, EBITDA (earnings before interest, tax, depreciation, amortization) of CNY27.021 billion, up 41%, net operating profit of CNY20.664 billion, up 66%, and net profit of CNY17.157 billion, up 38%.

    Fourth-quarter consolidated revenues consisted of CNY46.576 billion from e-commerce services, up 45% on year, CNY4.063 billion from digital media and entertainment services, up 273%, CNY1.764 billion from cloud computing services, up 115%, and CNY845 million from innovation initiatives and others, up 61%

    Huh.

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  • Vitaliy_KiselevVitaliy_Kiselev

    Ant Financial Services Group, the payment affiliate of Chinese e-commerce giant Alibaba Group Holding and world's largest financial technology company, said on Thursday that it would acquire U.S. money-transfer company MoneyGram International for about $880 million.

  • Vitaliy_KiselevVitaliy_Kiselev

    Alibaba Group Holding reported consolidated revenues of CNY61.932 billion (US$9.873 billion) for first-quarter 2018, hiking 60.53% on year, with net profit falling 28.98% to CNY7.561 billion.

    The revenues consisted CNY51.287 billion from core commerce services, up 62.45% on year; CNY4.385 billion from cloud computing services, up 102.73%; CNY5.272 billion from digital media and entertainment services, up 34.25%; and CNY988 million from innovation initiatives and other services, up 7.51%, Alibaba disclosed.

    The revenues from core commerce services mainly consisted of CNY40.185 billion and CNY1.883 billion from the China retail and wholesale markets respectively; CNY3.967 billion and CNY1.699 billion from overseas retail and wholesale markets respectively; and CNY2.852 billion from logistics services provided by subsidiary Cainiao Network Technology.

  • Vitaliy_KiselevVitaliy_Kiselev

    China-based e-commerce operator Alibaba Group Holding has released third-quarter 2018 consolidated revenues of CNY85.148 billion (US$12.398 billion), increasing 54.47% on year.

    The revenues consisted of CNY72.475 billion (85.12%) from core e-commerce operation, CNY5.667 billion (6.66%) from cloud computing services, CNY5.940 billion (6.98%) from digital media and entertainment services and CNY1.066 billion (1.25%) from innovation initiatives and others.

    At the end of September 2018, there were 601 million active online consumers and 666 million active mobile online consumers in China.

  • Vitaliy_KiselevVitaliy_Kiselev

    China-based e-commerce operator Alibaba Group has reported its fourth-quarter consolidated revenues reached CNY117.278 billion (US$17.057 billion), growing 41.25% on year.

    For the quarter, Alibaba posted net operating profit of CNY26.798 billion, up 3.09%, and net profit of CNY30.964 billion, up 32.71%.

    The fourth-quarter revenues consisted of CNY102.843 billion from core commerce business, CNY6.611 from cloud services, CNY6.491 billion from digital and entertainment services, and CNY1.333 billion from others.

  • Vitaliy_KiselevVitaliy_Kiselev

    Alibaba Group Holding has announced its revenues for the second quarter of 2019 grew 42% on year to RMB114.924 billion (US$16.741 billion).

  • Vitaliy_KiselevVitaliy_Kiselev

    China's State Market Control Agency has fined Alibaba 18.22 billion yuan ($ 2.78 billion) for violating antitrust laws, according to the regulator's website.

    The fine will amount to 4% of the company's 2019 sales in China, which amounted to 455.71 billion yuan ($ 69.67 billion at current exchange rates). Thus, Alibaba must pay 18.22 billion yuan ($ 2.78 billion), the regulator said.

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