Alibaba (BABA) Tops Q1 EPS by 33c, Revenue Misses

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Alibaba Group Announces June Quarter 2021 Results

August 3, 2021 6:54 AM EDT

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter ended June 30, 2021.

Alibaba started the new fiscal year by delivering a healthy quarter. For the June quarter, global annual active consumers across the Alibaba Ecosystem reached 1.18 billion, an increase of 45 million from the March quarter, which includes 912 million consumers in China. Over more than twenty years of growth, we have developed a company that spans across both consumer and industrial Internet, with multiple engines driving our long-term growth, said Daniel Zhang, Chairman and Chief Executive Officer... More