Alibaba (BABA) Tops Q3 EPS by 10c

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Alibaba Group Announces December Quarter 2021 Results

February 24, 2022 7:09 AM EST

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 December 31, 2021.

Alibaba delivered steady progress this quarter as we continued to execute our multi-engine growth strategy in a complex and volatile market environment. We achieved positive momentum in key strategic businesses through a disciplined focus on capacity building and value creation to fuel our future growth. Our global annual active consumers grew at a solid pace, reaching 1.28 billion on the strength of a quarterly net increase of 43 million, said Daniel Zhang, Chairman and Chief... More