Alibaba (BABA) Shares Jump 3% as eCommerce and Cloud Demand Drives Solid Q4 Beat
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Alibaba Group Announces March Quarter and Full Fiscal Year 2022 Results
May 26, 2022 7:02 AM EDTHANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter and fiscal year ended March 31, 2022.
Alibaba delivered on the goal of serving one billion annual active consumers in China this past quarter and achieved a record RMB 8,317 billion in global GMV for the fiscal year. Despite macro challenges that impacted supply chains and consumer sentiment, we continued to focus on customer value proposition and building the capabilities to deliver value. We saw tangible progress across our businesses, especially in operational improvements in key strategic areas, said... More
