- Revenue was RMB 155.06 billion (approximately USD 23.45 billion), a year-on-year increase of 30%.
- Net income was RMB 28.279 billion (approximately US$ 4.24 billion). This was a decrease of 63% from RMB 70.748 billion in the same period last year. This is largely due to gain in relation to the receipt of 33% equity interest in Ant Group. Excluding this one-time gain and certain other items, non-GAAP net income was RMB47,088 million (US$6,935 million). An increase of 44% year-over-year.
- The number of annual active users in the Chinese retail market is 757 million. An increase of 15 million from June 30, 2020.
- Mobile MAU (Monthly Active Users) in the Chinese retail marketplaces reached 881 million in September. An increase of 7 million from June 2020.
Alibaba Group (NYSE:BABA) announced their quarterly results for 2Q21 on 5 November 2020. After looking through their financial reports, here are some of the key points.
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Financial Highlights
