Ali announced an adjustment in revenue expectations to invest in social development needs with long-term thinking

On November 18, Alibaba released its Q2 quarterly financial report for fiscal 2022 and announced that it has adjusted its revenue guidance, expecting total revenue to grow by 20% to 23% year-on-year in fiscal 2022. At the same time, the company will firmly invest in social development with long-term thinking, and open up more space for ecological health and future development with high-quality development.

Adjust income expectations in the short term and consolidate the foundation for development in the long term. Since the beginning of this year, Alibaba has continued to increase investment in scientific and technological innovation, supply chain, support for small and medium-sized enterprises, worker welfare protection and social value. On the one hand, it is necessary to invest in the future in a bold way and find a healthier future growth pole; on the other hand, it emphasizes corporate social responsibility, continuously gives profits to small and medium-sized enterprises, and docks with the real needs of social development.

In the September quarter of this fiscal year, Alibaba Cloud's revenue increased by 33% year-on-year to 20.007 billion yuan. At the Yunqi Conference in October, Alibaba Cloud released a number of blockbuster products such as Yitian 710 chip, Panjiu, Shenlong 4.0, Dragon Lizard, and Lingjie. The improvement of the underlying self-developed technology system has laid a solid foundation for Alibaba to build a second growth curve.

In underdeveloped areas, Alibaba's community business platform business continued to expand its coverage and achieve rapid growth, with quarterly GMV growth of more than 150% quarter-on-quarter; Cainiao has continued to strengthen its international logistics infrastructure, and has now operated more than 3 million square meters of warehouses to support cross-border business, providing basic capabilities for cross-border and global retail businesses, and continuously improving the shopping experience of international consumers.

At the same time, Alibaba actively gives profits to small and medium-sized enterprises to build a healthier platform ecology. Since the beginning of this year, Tmall has launched more than 30 business support measures such as free business staff and free return freight insurance, which at least reduces operating costs for merchants by more than 15 billion yuan. This year's Tmall Double 11, 65% of the participating merchants for small and medium-sized enterprises, industrial belt merchants and new brands, "small and medium-sized businesses sell well, experience is not good" has become an important yardstick.

In September, Alibaba announced that it will invest 100 billion yuan to implement ten actions by 2025, focusing on technological innovation, economic development, high-quality employment and care for vulnerable groups, and building a green and sustainable new business ecosystem with customers and partners.

In addition, Alibaba is stepping up its commitment to platform sustainability. Tmall Double 11 launched the "Double 11 Carbon Reduction Plan", launched an exclusive green venue, with more than 2,000 merchants participating and providing 500,000 green goods; Cainiao launched a green return plan, more than 4 million people participated in the green recycling of express packaging online and offline, and jointly issued 90 million "green packages"; in September, Alibaba traded 100 million kWh of green electricity, promoting Alibaba Cloud Zhangbei Data Center to reduce carbon by 26,000 tons during the Double 11 period.

Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group, said: "During the quarter, Alibaba continued to invest firmly in the three major strategies of domestic demand, globalization and cloud computing, laying a solid foundation for the Group's long-term sustainable development. Alibaba's global annual active consumers reached about 1.24 billion, with a net increase of 62 million in a single quarter, and is steadily moving towards the long-term goal of serving 2 billion consumers around the world. "

This article originated from Grand Gateway