Alibaba recently published its quarterly report. As investors, you must be curious about its performance and how the crackdown has affected its earnings. With that, let’s take a look at its report and see how Alibaba has fared in the face of the government’s crackdown on food delivery, private tutoring, gaming, and other industries.
For a recap, check out my earlier article for a summary of Alibaba’s business, in which I broke down the company’s operations and offered my opinion on its valuation.
A short run-through of Alibaba business from the previous article:
In total, Alibaba’s core commerce business makes up 87% of the total company revenue from its range of sub business like Taobao, Tmall, AliExpress, Lazada, Cainiao and many more.
Other than e-commerce, Alibaba has been investing heavily in its Cloud Computing business. As of FY2021, its cloud computing segment makes up 8% of the companies total revenue.
The remaining 5% comes from:...