Alibaba Special Report: From Technology to Service, From Information Technology to Digital Technology1 The company is a global e-commerce leading enterprise driven by the digital economy2 The marginal decline in social consumption The expansion of e-commerce has slowed down, and the diversified business development of head players has ensured long-term competitiveness 3 Core business: E-commerce content has improved user experience, and sunk and expanded the new with remarkable results 4 Cloud computing: Cloud Nail has deepened the Transformation of ToB, and the future of increased technology can be expected5 Digital media and entertainment: Actively build a cultural and entertainment ecosystem to promote the upward growth of the sector6 Profit forecast

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