Ali ushered in the "darkest hour"? Profits plummeted 59%, and Wall Street bought it! Ali recently released the revenue data for fiscal 2022, which was originally a bad report card, but it was not expected to be collectively optimistic.
Alibaba's revenue grew 19 percent, and profits fell 59 percent unexpectedly. It is clear that the growth rate of Ali's revenue is slowing down, and profits are declining no matter how you look at it. After the data came out, Ali's stock price rose by 12% in Hong Kong stocks, and its market value increased by about 200 billion. In the U.S. stock market, Ali's stock price rose nearly 15%, and the market value returned to the $250 billion mark.
I thought this was Ali's darkest moment, but I didn't expect to be collectively optimistic about Wall Street. There are two main reasons for this:
First of all, Ali's basic disk is very stable. In fiscal 2022, Alibaba's commercial business revenue in China increased by 18%, Cainiao's revenue also increased by 24%, and other businesses increased by 23%. That is to say, in the case of a generally poor environment, Ali has not only stabilized, but also achieved steady progress.
Second, Ali's borders are expanding overseas, and Alibaba Cloud is beginning to draw its sword. Alibaba's international business revenue grew 25 percent to $61 billion, basically the fastest growing segment of any business. Alibaba Cloud's revenue also rose 23 percent to $74.5 billion, surpassing Cainiao's $46.1 billion and local life's $43.4 billion. This means that driven by Alibaba Cloud, Ali is using technology to go to sea, and the status of cloud computing is constantly rising.
When everyone thinks that Ali has entered the darkest moment, Wall Street has begun to see clearly that Ali is changing from an e-commerce company to a technology-driven enterprise, and the strategic focus has begun to shift from domestic to foreign.
