The financial report shows that Alibaba’s revenue and net profit for the quarter are much higher than market expectations.
文 | Daily Business Collection
Alibaba’s revenue growth is significantly ahead of Tencent Jingdong, sinking market dividends
On August 15, Alibaba released its first quarter financial report for the 2020 fiscal year as of the end of June. The financial report shows that Alibaba’s revenue for the quarter was 114.9 billion yuan, up 42% year-on-year; net profit was 30.9 billion yuan, up 54% year-on-year, and revenue and net profit were much higher than market expectations. In particular, the net profit exceeded the 29.7 billion yuan in the Q4 e-commerce peak season in 2018. Although the revenue growth rate of 42% is close to the historical low (41% growth in the fourth quarter of 2018), it is still strong compared with Tencent (21%) and Jingdong (22%).
Behind the profit improvement is Ali’s control over costs and costs. This quarter’s cost ratio fell back to 53%, down 7 percentage points from the previous quarter’s 60%. Among them, the proportion of marketing expenses fell to 9%, breaking through 10% for the first time. Ali CFO Wu Wei said at the earnings conference call …
Editor’s comment: From the 34 million mobile monthly active users of Ali’s growth this season, sinking the market…
To play in the same place in the city of 58, but there are many problems facing the rental of idle fish.
The Internet rental sector is a business carried out by 2016. Recently, rental business has frequently appeared in the opening advertisement of the Leisure Fish App, with “real listing” and “free intermediary” as the selling point. There are quite a lot of players in the Internet rental market, but the ills of fake housing are still unresolved. The public number “Tech Planet” believes that although the leisure fishing rents far from affecting the competitive landscape, its practice of securing real estate through ant credit payment points. Still receiving attention.
Fishing fish rentals are rapidly advancing a branch of the Internet rental market – shared accommodation. On the one hand, the shared accommodation market is not small. According to the forecast data of the National Information Center, by 2020, the transaction scale of China’s shared accommodation market is expected to reach 50 billion yuan. On the other hand, the free fish itself has shared economic genes and can rely on the Ali system. Advantages of upgrading services. But…
Editor’s comment: Free-fishing rentals are not profitable on commission. In the opinion of the public “Tech Planet” author Yang Yezhen, it seems inevitable to adopt a bidding advertising model. So…
This article comes from the paid section “Daily Business Featured” – August 16th
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