China-Singapore Jingwei client May 22 news, on May 22, Beijing time, Alibaba Group released its full-year and fourth quarter results for fiscal year 2020, and for the 12 months ended March 31, 2020, The consumer business GMV of Alibaba’s digital economy reached RMB 7.053 trillion, exceeding USD 1 trillion. During the fiscal year, Alibaba ’s digital economy reached 960 million annual active consumers worldwide.
In 2015, Alibaba announced that it will become the world ’s first company to sell over 1 trillion dollars in 5 years. Over the past five years, the growing number of transactions on the Alibaba platform has measured the speed of the digital economy. The new digital momentum has stimulated China’s huge domestic demand potential and also increased the resilience of China’s economy in the face of risk challenges.
Zhang Yong, Chairman and CEO of Alibaba Group, said: “This fiscal year, Alibaba ’s digital economy achieved a GMV of US $ 1 trillion, which is historical Milestones. Despite the impact of the New Coronary Pneumonia Epidemic on the economy in the last quarter of the fiscal year, our overall business continued to grow strongly, with annual active consumers increasing globally to 960 million. The epidemic fundamentally changed consumer behavior and companies The way of operation, digitalization is the general trend. We have seized the opportunity and made sufficient preparations to help various industries achieve digital transformation, overcome difficulties, and achieve ultimate success under the new normal in the future. By focusing on long-term value, for consumers and The value creation and investment of corporate customers, I believe we can gain growth from this test and further grasp the opportunities for future growth.
In the economic and commercial belt of the new coronary pneumonia epidemic With the coming global challenges, people need digital technology more than ever. Therefore, Alibaba launched the support for merchants and ecological partners for the first time Measures, at the same time fully investing in technology and ecological capabilities to help society fight two battles at the same time, one is to fight against the epidemic, and the other is economic development. The financial report shows that Alibaba focuses on creating value for consumers, customers and society, maintaining strong growth The situation. In this fiscal year, Alibaba Group ’s revenue was RMB 509.711 billion, an increase of 35% year-on-year, and the guidance announced at the beginning of the fiscal year was achieved; the fourth quarter revenue from January 1, 2020 to March 31, 2020 was RMB 1,143.14 Billion yuan, an increase of 22% year-on-year.
When it first announced the goal of achieving a US $ 1 trillion GMV in 2020, Alibaba proposed that no matter how time changes, the world changes The temptation is to focus on the initial starting point-so that there is no difficult business in the world. Over the past five years, Ali has firmly promoted the three major strategies of domestic demand, big data cloud computing, and globalization to build a digital business foundation for the future.