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Alibaba's total revenue in the second quarter was 119.02 billion yuan higher than the market expecta

On November 1, Alibaba Group today announced its quarterly results as of September 30, 2019. According to the data, Alibaba's revenue in the second quarter was 119.02 billion yuan (about 16.651 billion US dollars), up 40% year-on-year; the net profit attributable to the common shareholders of Alibaba group was 72.54 billion yuan (about 10.149 billion US dollars).

Referring to this quarter's performance, Zhang Yong, chairman and CEO of Alibaba group, said: 'Alibaba Group celebrated its 20th anniversary in September this year, which is an important milestone in our 102 year journey to achieve & lsquo; no hard business in the world'. Alibaba's digital economy continues to grow and prosper. By the end of fy2024, we hope to serve more than 1 billion annual active consumers and help our businesses obtain more than 10 trillion yuan of annual trading volume. We will also continue to invest in user experience and innovative technologies, create new value for users, and promote the digital transformation of millions of enterprises in the new digital economy era. '

The following are the main data of financial statements:

1. Alibaba Group's revenue in the second fiscal quarter was 119.02 billion yuan (about 16.651 billion US dollars), with market expectation of 116.8 billion yuan, 85.15 billion yuan in the same period last year, up 40% year on year;

2. Revenue from core e-commerce increased by 40% year-on-year, reaching 101.22 billion yuan (US $14.161 billion); revenue from cloud computing increased by 64% year-on-year, reaching 9.291 billion yuan (US $1.300 billion); revenue from digital media and entertainment increased by 23% year-on-year, reaching 7.296 billion yuan (US $1.021 billion); revenue from innovation projects and its The revenue of his business increased by 14% year-on-year to RMB 1.21 billion (about USD 169 million);

3. The number of mobile active users from China's retail market reached 785 million, an increase of 30 million from June 2019; the number of active consumers increased by 19 million to 693 million annually;

4. The net profit attributable to the common shareholders of Alibaba group is 72.540 billion yuan (approximately US $10.149 billion), and the net profit is 70.448 billion yuan (approximately US $9.898 billion), including the significant one-off income recognized when receiving 33% of the equity of ant financial services;

5. Operating profit was 20.364 billion yuan (about 2.849 billion US dollars), up 51% year on year. Adjusted EBITDA was 37.101 billion yuan (US $5.191 billion), a year-on-year increase of 29%; adjusted EBITDA of core e-commerce was 45.610 billion yuan (US $6.381 billion), a year-on-year increase of 28%;

6. The net cash provided by operating activities is 47.326 billion yuan (about US $6.621 billion); the free cash flow not measured in accordance with US GAAP is 30.488 billion yuan (about US $4.265 billion).