Topic: Alibaba: Fiscal fourth-quarter revenue of 2,218pokerplayingcards.74 billion yuan year-on-year increase of 7%
On May 14, Alibaba Group released its Q4 and full-year results for fiscal year 2024. After a year of proactive changes, Alibaba has returned to a healthy growth track: Double-digit growth in GMV on Tao Antenna, double-digit growth in revenue from Alibaba Cloud's core public cloud products, triple-digit year-on-year growth in AI-related revenue, and 45%. Strong year-on-year growth. This proves that the strategic direction of "user-first, AI-driven" and the investment strategy focusing on the main business are effective, showing good development momentum for the future.
The financial report showed that Alibaba Group's Q4 revenue was 221.874 billion yuan, a year-on-year increase of 7%, exceeding market expectations. Ali announced a dividend of approximately US$4 billion for fiscal year 2024 and continued to repurchase, with Q4 buying back for US$4.8 billionpokerplayingcards524 million ordinary shares have been purchased and US$12.5 billion of shares have been repurchased in fiscal year 2024, continuing to improve shareholder returns.