IT Home reported on December 23 that Alibaba announced its interim report for fiscal year 2024 (six months ended September 30, 2023), achieving revenue of 458.946 billion yuan, a year-on-year increase of 11%, operating profit of 76.074 billion yuan, a year-on-year increase of 52%, net profit attributable to the parent company of 62.038 billion yuan, a year-on-year increase of 2748%, and diluted earnings per share of 3.01 yuan, a year-on-year increase of 2849%.
IT Home noted that Taotian Group's revenue increased by 8% year-on-year, and the overseas business performed strongly, with Alibaba International Digital Business Group's revenue increasing by 47%, Cainiao Group's revenue increasing by 29%, Local Life Group's revenue increasing by 22%, and Dawen Entertainment Group's revenue increasing by 21%.
For the six months ended September 30, 2023, Cainiao Group's revenue increased by 29% and its adjusted EBITA was RMB1.783 billion, while total time spent by Chinese internet e-commerce users increased, with Taobao DAU and user time up 7% year-over-year.