bernardtayet
2021-08-04
Not really. Interim obstacle. Will recover
Is the era of Alibaba's high growth over?<blockquote>阿里巴巴高增长的时代结束了吗？</blockquote>
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Will recover","highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/807788240","repostId":1164127306,"repostType":4,"repost":{"id":"1164127306","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628057615,"share":"https://www.laohu8.com/m/news/1164127306?lang=zh_CN&edition=full","pubTime":"2021-08-04 14:13","market":"us","language":"en","title":"Is the era of Alibaba's high growth over?<blockquote>阿里巴巴高增长的时代结束了吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164127306","media":"Tiger Newspress","summary":"China's Alibaba Group Holding Ltd missed analyst estimates for first-quarter revenue on Tuesday.\nBUS","content":"<p>China's Alibaba Group Holding Ltd missed analyst estimates for first-quarter revenue on Tuesday.</p><p><blockquote>中国阿里巴巴-SW集团控股有限公司周二第一季度营收未达到分析师预期。</blockquote></p><p> <h4>BUSINESS HIGHLIGHTS</h4> In the quarter ended June 30, 2021:</p><p><blockquote><h4>业务亮点</h4>截至2021年6月30日止季度：</blockquote></p><p> <ul> <li>Overall, revenue rose about 34% to 205.74 billion yuan ($31.83 billion) in the first quarter ended June 30, below estimates for 209.39 billion yuan, Core commerce revenue for Alibaba rose about 35% to 180.24 billion yuan in the quarter, compared with estimates of 184.23 billion yuan. In the fourth quarter, the unit's revenue surged more than 70%.</li> <li>Non-GAAP net income was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, over estimates for 29.3 billion yuan. On an adjusted basis, the company earned 16.60 yuan per share, above estimates for 14.43 yuan.</li> <li>Annual active consumers of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1 and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.</li> </ul> If we focus on specific businesses, we can see that the growth of this financial report is mainly from the core e-commerce part</p><p><blockquote><ul><li>总体而言，截至 6 月 30 日的第一季度收入增长约 34%，达到 2057.4 亿元人民币（318.3 亿美元），低于预期的 2093.9 亿元人民币，阿里巴巴-SW本季度核心商业收入增长约 35%，达到 1802.4 亿元人民币，而预期为 1842.3 亿元人民币。第四季度，该部门收入激增70%以上。</li><li>非美国通用会计准则净利润为人民币434.41亿元（67.28亿美元），同比增长10%，高于预期的293亿元。调整后，该公司每股收益为16.60元，高于预期的14.43元。</li><li>截至二零二一年六月三十日止十二个月，全球阿里巴巴-SW生态系统的年度活跃消费者达到约11.8亿，较截至二零二一年三月三十一日止十二个月增加4500万。这包括中国的9.12亿消费者1和Lazada、速卖通、Trendyol和Daraz服务的2.65亿海外消费者。</li></ul>如果聚焦具体业务，我们可以看到本次财报的增长主要来自核心的电商部分</blockquote></p><p> <ul> <li>Total commerce revenue was 180.2 billion yuan, a year-on-year increase of 35%.</li> <li>Revenue from cloud computing business was 16.05 billion yuan, a year-on-year increase of 29%.</li> <li>Revenue from Digital Media and Entertainment was RMB 8.073 billion, a year-on-year increase of 15%.</li> <li>Revenue from innovation initiatives and others was RMB 1.375 billion, a year-on-year increase of 37%.</li> </ul> <h4>Growth slowdown</h4> Compared with cloud computing, digital media, e-commerce business is the main driving force driving the growth of Alibaba's business, but this time the e-commerce business also has hidden concerns. As mentioned in the last quarter, the reason for Alibaba’s revenue surge this time was mainly from other revenues. This part of revenue reached a staggering 54.8 billion yuan, an increase of 82% year-on-year, and this part of revenue was mainly due to the Oct. 2020 consolidation of Sun Art.</p><p><blockquote><ul><li>商业总收入1802亿元，同比增长35%。</li><li>云计算业务收入160.5亿元，同比增长29%。</li><li>数字媒体及娱乐业务收入80.73亿元，同比增长15%。</li><li>创新举措及其他收入13.75亿元，同比增长37%。</li></ul><h4>增长放缓</h4>相比云计算、数字媒体，电商业务是拉动阿里巴巴业务增长的主要动力，但此次电商业务也有隐忧。正如上一季度提到的，阿里巴巴-SW此次营收激增的原因主要来自其他营收。这部分收入达到了惊人的548亿元，同比增长82%，这部分收入主要是由于2020年10月高鑫艺术的合并。</blockquote></p><p> In the financial report, Alibaba also mentioned that if the revenue from Sun Art’s consolidation is deducted, Alibaba’s total revenue is 187.3 billion yuan, a year-on-year increase of only 22%, and core e-commerce revenue is 161.8 billion yuan, a year-on-year increase of 21 %.</p><p><blockquote>在财报中，阿里巴巴-SW还提到，如果扣除高鑫并表收入，阿里巴巴-SW总收入为1873亿元，同比仅增长22%，核心电商收入为1618亿元，同比增长21%。</blockquote></p><p> Facing the increasingly fierce competition in the Chinese e-commerce market , the company has increased its investment to support its retail platforms. Although Alibaba still leads the industry, Pduoduo Inc. (PDD), Byteance Ltd.'s short video platform Douyin and Tencent Holdings Ltd.’S social media application WeChat and other e-commerce competitors have reached consumers with new and innovative ways and gained market share.</p><p><blockquote>面对中国电子商务市场日益激烈的竞争，本公司加大投入支持其零售平台。尽管阿里巴巴-SW仍处于行业领先地位，但拼多多公司（PDD）、字节安斯有限公司的短视频平台抖音和腾讯控股控股有限公司的社交媒体应用微信以及其他电子商务竞争对手已经通过新的创新方式接触到消费者，并获得了市场份额。</blockquote></p><p> Earlier this year, Alibaba stated that all incremental profits will be used to improve its platform, acquire new users and support merchants. On Tuesday, Alibaba said it will continue to make some investments that have already driven growth in key areas such as grocery shopping and consumers in lower-tier cities.</p><p><blockquote>今年早些时候，阿里巴巴-SW表示，所有增量利润将用于改善其平台、获取新用户和支持商家。周二，阿里巴巴-SW表示将继续进行一些投资，这些投资已经推动了低线城市杂货购物和消费者等关键领域的增长。</blockquote></p><p> Investors had hoped that Alibaba's cloud computing business could drive growth, but the boost of this business slowed down. Alibaba said that its cloud computing business revenue increased by 29% year-on-year, but it was still dragged down by the loss of a major customer, a person familiar with the matter said the customer was Bytedance Inc..</p><p><blockquote>投资者曾希望阿里巴巴的云计算业务能够带动增长，但该业务的提振速度放缓。阿里巴巴-SW表示，其云计算业务收入同比增长29%，但仍受到一个主要客户流失的拖累，一位知情人士称，该客户为字节跳动公司(Bytedance Inc..</blockquote></p><p> The Wall Street Journal reported that the department also encountered difficulties in obtaining new contracts and arranging related meetings because regulators are reviewing its e-commerce business and sister company Ant Group Co.</p><p><blockquote>《华尔街日报》报道称，该部门在获得新合同和安排相关会议方面也遇到了困难，因为监管机构正在审查其电子商务业务和姐妹公司蚂蚁集团公司。</blockquote></p><p> Growth slowed in most of Alibaba’s major divisions from cloud to e-commerce, underlining fears that the mounting list of new government regulations is constraining expansion and increasing companies’ burdens.</p><p><blockquote>从云计算到电子商务，阿里巴巴-SW大多数主要部门的增长都放缓了，这凸显了人们对越来越多的政府新法规正在限制扩张和增加公司负担的担忧。</blockquote></p><p> In a sign of the times, Chief Executive Officer Daniel Zhang on Tuesday endorsed a string of government policies enacted during a tumultuous 2021, from strict curbs on data collection to excessive subsidies.</p><p><blockquote>作为时代的一个标志，首席执行官张勇周二认可了动荡的 2021 年期间颁布的一系列政府政策，从严格限制数据收集到过度补贴。</blockquote></p><p> The company tried to assure investors by announcing it will now repurchase $15 billion in shares through next year, up from a $10 billion repurchase plan that had been in place. It also disclosed it had repurchased $3.7 billion worth of its US-traded shares since April.</p><p><blockquote>该公司试图安抚投资者，宣布将在明年之前回购 150 亿美元的股票，高于之前的 100 亿美元回购计划。该公司还披露，自 4 月份以来，已回购了价值 37 亿美元的美国交易股票。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the era of Alibaba's high growth over?<blockquote>阿里巴巴高增长的时代结束了吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the era of Alibaba's high growth over?<blockquote>阿里巴巴高增长的时代结束了吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-04 14:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's Alibaba Group Holding Ltd missed analyst estimates for first-quarter revenue on Tuesday.</p><p><blockquote>中国阿里巴巴-SW集团控股有限公司周二第一季度营收未达到分析师预期。</blockquote></p><p> <h4>BUSINESS HIGHLIGHTS</h4> In the quarter ended June 30, 2021:</p><p><blockquote><h4>业务亮点</h4>截至2021年6月30日止季度：</blockquote></p><p> <ul> <li>Overall, revenue rose about 34% to 205.74 billion yuan ($31.83 billion) in the first quarter ended June 30, below estimates for 209.39 billion yuan, Core commerce revenue for Alibaba rose about 35% to 180.24 billion yuan in the quarter, compared with estimates of 184.23 billion yuan. In the fourth quarter, the unit's revenue surged more than 70%.</li> <li>Non-GAAP net income was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, over estimates for 29.3 billion yuan. On an adjusted basis, the company earned 16.60 yuan per share, above estimates for 14.43 yuan.</li> <li>Annual active consumers of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1 and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.</li> </ul> If we focus on specific businesses, we can see that the growth of this financial report is mainly from the core e-commerce part</p><p><blockquote><ul><li>总体而言，截至 6 月 30 日的第一季度收入增长约 34%，达到 2057.4 亿元人民币（318.3 亿美元），低于预期的 2093.9 亿元人民币，阿里巴巴-SW本季度核心商业收入增长约 35%，达到 1802.4 亿元人民币，而预期为 1842.3 亿元人民币。第四季度，该部门收入激增70%以上。</li><li>非美国通用会计准则净利润为人民币434.41亿元（67.28亿美元），同比增长10%，高于预期的293亿元。调整后，该公司每股收益为16.60元，高于预期的14.43元。</li><li>截至二零二一年六月三十日止十二个月，全球阿里巴巴-SW生态系统的年度活跃消费者达到约11.8亿，较截至二零二一年三月三十一日止十二个月增加4500万。这包括中国的9.12亿消费者1和Lazada、速卖通、Trendyol和Daraz服务的2.65亿海外消费者。</li></ul>如果聚焦具体业务，我们可以看到本次财报的增长主要来自核心的电商部分</blockquote></p><p> <ul> <li>Total commerce revenue was 180.2 billion yuan, a year-on-year increase of 35%.</li> <li>Revenue from cloud computing business was 16.05 billion yuan, a year-on-year increase of 29%.</li> <li>Revenue from Digital Media and Entertainment was RMB 8.073 billion, a year-on-year increase of 15%.</li> <li>Revenue from innovation initiatives and others was RMB 1.375 billion, a year-on-year increase of 37%.</li> </ul> <h4>Growth slowdown</h4> Compared with cloud computing, digital media, e-commerce business is the main driving force driving the growth of Alibaba's business, but this time the e-commerce business also has hidden concerns. As mentioned in the last quarter, the reason for Alibaba’s revenue surge this time was mainly from other revenues. This part of revenue reached a staggering 54.8 billion yuan, an increase of 82% year-on-year, and this part of revenue was mainly due to the Oct. 2020 consolidation of Sun Art.</p><p><blockquote><ul><li>商业总收入1802亿元，同比增长35%。</li><li>云计算业务收入160.5亿元，同比增长29%。</li><li>数字媒体及娱乐业务收入80.73亿元，同比增长15%。</li><li>创新举措及其他收入13.75亿元，同比增长37%。</li></ul><h4>增长放缓</h4>相比云计算、数字媒体，电商业务是拉动阿里巴巴业务增长的主要动力，但此次电商业务也有隐忧。正如上一季度提到的，阿里巴巴-SW此次营收激增的原因主要来自其他营收。这部分收入达到了惊人的548亿元，同比增长82%，这部分收入主要是由于2020年10月高鑫艺术的合并。</blockquote></p><p> In the financial report, Alibaba also mentioned that if the revenue from Sun Art’s consolidation is deducted, Alibaba’s total revenue is 187.3 billion yuan, a year-on-year increase of only 22%, and core e-commerce revenue is 161.8 billion yuan, a year-on-year increase of 21 %.</p><p><blockquote>在财报中，阿里巴巴-SW还提到，如果扣除高鑫并表收入，阿里巴巴-SW总收入为1873亿元，同比仅增长22%，核心电商收入为1618亿元，同比增长21%。</blockquote></p><p> Facing the increasingly fierce competition in the Chinese e-commerce market , the company has increased its investment to support its retail platforms. Although Alibaba still leads the industry, Pduoduo Inc. (PDD), Byteance Ltd.'s short video platform Douyin and Tencent Holdings Ltd.’S social media application WeChat and other e-commerce competitors have reached consumers with new and innovative ways and gained market share.</p><p><blockquote>面对中国电子商务市场日益激烈的竞争，本公司加大投入支持其零售平台。尽管阿里巴巴-SW仍处于行业领先地位，但拼多多公司（PDD）、字节安斯有限公司的短视频平台抖音和腾讯控股控股有限公司的社交媒体应用微信以及其他电子商务竞争对手已经通过新的创新方式接触到消费者，并获得了市场份额。</blockquote></p><p> Earlier this year, Alibaba stated that all incremental profits will be used to improve its platform, acquire new users and support merchants. On Tuesday, Alibaba said it will continue to make some investments that have already driven growth in key areas such as grocery shopping and consumers in lower-tier cities.</p><p><blockquote>今年早些时候，阿里巴巴-SW表示，所有增量利润将用于改善其平台、获取新用户和支持商家。周二，阿里巴巴-SW表示将继续进行一些投资，这些投资已经推动了低线城市杂货购物和消费者等关键领域的增长。</blockquote></p><p> Investors had hoped that Alibaba's cloud computing business could drive growth, but the boost of this business slowed down. Alibaba said that its cloud computing business revenue increased by 29% year-on-year, but it was still dragged down by the loss of a major customer, a person familiar with the matter said the customer was Bytedance Inc..</p><p><blockquote>投资者曾希望阿里巴巴的云计算业务能够带动增长，但该业务的提振速度放缓。阿里巴巴-SW表示，其云计算业务收入同比增长29%，但仍受到一个主要客户流失的拖累，一位知情人士称，该客户为字节跳动公司(Bytedance Inc..</blockquote></p><p> The Wall Street Journal reported that the department also encountered difficulties in obtaining new contracts and arranging related meetings because regulators are reviewing its e-commerce business and sister company Ant Group Co.</p><p><blockquote>《华尔街日报》报道称，该部门在获得新合同和安排相关会议方面也遇到了困难，因为监管机构正在审查其电子商务业务和姐妹公司蚂蚁集团公司。</blockquote></p><p> Growth slowed in most of Alibaba’s major divisions from cloud to e-commerce, underlining fears that the mounting list of new government regulations is constraining expansion and increasing companies’ burdens.</p><p><blockquote>从云计算到电子商务，阿里巴巴-SW大多数主要部门的增长都放缓了，这凸显了人们对越来越多的政府新法规正在限制扩张和增加公司负担的担忧。</blockquote></p><p> In a sign of the times, Chief Executive Officer Daniel Zhang on Tuesday endorsed a string of government policies enacted during a tumultuous 2021, from strict curbs on data collection to excessive subsidies.</p><p><blockquote>作为时代的一个标志，首席执行官张勇周二认可了动荡的 2021 年期间颁布的一系列政府政策，从严格限制数据收集到过度补贴。</blockquote></p><p> The company tried to assure investors by announcing it will now repurchase $15 billion in shares through next year, up from a $10 billion repurchase plan that had been in place. It also disclosed it had repurchased $3.7 billion worth of its US-traded shares since April.</p><p><blockquote>该公司试图安抚投资者，宣布将在明年之前回购 150 亿美元的股票，高于之前的 100 亿美元回购计划。该公司还披露，自 4 月份以来，已回购了价值 37 亿美元的美国交易股票。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164127306","content_text":"China's Alibaba Group Holding Ltd missed analyst estimates for first-quarter revenue on Tuesday.\nBUSINESS HIGHLIGHTS\nIn the quarter ended June 30, 2021:\n\nOverall, revenue rose about 34% to 205.74 billion yuan ($31.83 billion) in the first quarter ended June 30, below estimates for 209.39 billion yuan, Core commerce revenue for Alibaba rose about 35% to 180.24 billion yuan in the quarter, compared with estimates of 184.23 billion yuan. In the fourth quarter, the unit's revenue surged more than 70%.\nNon-GAAP net income was RMB43,441 million (US$6,728 million), an increase of 10% year-over-year, over estimates for 29.3 billion yuan. On an adjusted basis, the company earned 16.60 yuan per share, above estimates for 14.43 yuan.\nAnnual active consumers of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China1 and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz.\n\nIf we focus on specific businesses, we can see that the growth of this financial report is mainly from the core e-commerce part\n\nTotal commerce revenue was 180.2 billion yuan, a year-on-year increase of 35%.\nRevenue from cloud computing business was 16.05 billion yuan, a year-on-year increase of 29%.\nRevenue from Digital Media and Entertainment was RMB 8.073 billion, a year-on-year increase of 15%.\nRevenue from innovation initiatives and others was RMB 1.375 billion, a year-on-year increase of 37%.\n\nGrowth slowdown\nCompared with cloud computing, digital media, e-commerce business is the main driving force driving the growth of Alibaba's business, but this time the e-commerce business also has hidden concerns. As mentioned in the last quarter, the reason for Alibaba’s revenue surge this time was mainly from other revenues. This part of revenue reached a staggering 54.8 billion yuan, an increase of 82% year-on-year, and this part of revenue was mainly due to the Oct. 2020 consolidation of Sun Art.\nIn the financial report, Alibaba also mentioned that if the revenue from Sun Art’s consolidation is deducted, Alibaba’s total revenue is 187.3 billion yuan, a year-on-year increase of only 22%, and core e-commerce revenue is 161.8 billion yuan, a year-on-year increase of 21 %.\nFacing the increasingly fierce competition in the Chinese e-commerce market , the company has increased its investment to support its retail platforms. Although Alibaba still leads the industry, Pduoduo Inc. (PDD), Byteance Ltd.'s short video platform Douyin and Tencent Holdings Ltd.’S social media application WeChat and other e-commerce competitors have reached consumers with new and innovative ways and gained market share.\nEarlier this year, Alibaba stated that all incremental profits will be used to improve its platform, acquire new users and support merchants. On Tuesday, Alibaba said it will continue to make some investments that have already driven growth in key areas such as grocery shopping and consumers in lower-tier cities.\nInvestors had hoped that Alibaba's cloud computing business could drive growth, but the boost of this business slowed down. Alibaba said that its cloud computing business revenue increased by 29% year-on-year, but it was still dragged down by the loss of a major customer, a person familiar with the matter said the customer was Bytedance Inc..\nThe Wall Street Journal reported that the department also encountered difficulties in obtaining new contracts and arranging related meetings because regulators are reviewing its e-commerce business and sister company Ant Group Co.\nGrowth slowed in most of Alibaba’s major divisions from cloud to e-commerce, underlining fears that the mounting list of new government regulations is constraining expansion and increasing companies’ burdens.\nIn a sign of the times, Chief Executive Officer Daniel Zhang on Tuesday endorsed a string of government policies enacted during a tumultuous 2021, from strict curbs on data collection to excessive subsidies.\nThe company tried to assure investors by announcing it will now repurchase $15 billion in shares through next year, up from a $10 billion repurchase plan that had been in place. It also disclosed it had repurchased $3.7 billion worth of its US-traded shares since April.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":760,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":37,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/807788240"}
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