In the fiscal year ending March 31, 2023, the Chinese e-commerce corporation Alibaba Group reported a consolidated annual revenue of around 868.7 billion yuan. The largest share of the revenue, 65 percent, came from the domestic e-commerce retail segment.
Founded in 1999, today Alibaba Group is the leading e-commerce provider in China, offering a wide range of B2B, B2C, and C2C services. The company also offers cloud computing, digital entertainment (such as online video platform Youku Tudou), and mobile payment services. As of the first quarter of 2022, Alibaba had nearly a billion of annual active consumers on its online shopping marketplaces in China.
Alibaba’s e-commerce retail
Domestic e-commerce retail on the company’s online shopping platforms, such as Taobao and Tmall, generated a total revenue of nearly 576 billion yuan in 2022 - around 90 billion yuan more than in the previous year. According to the company, initiatives such as the new Taobao app interface, more curated posts, short videos, and live broadcasts resulted in a higher number of purchases and increased user engagement.
International e-commerce retail accounted for only five percent of Alibaba’s revenue; however, the segment revenue grew from 24.3 billion yuan in 2019 to 42.69 billion yuan in 2022. AliExpress and Lazada.com were Alibaba’s most popular cross-border e-commerce platforms with a total of more than 300 million annual active users.
Annual revenue distribution of Alibaba from financial year 2019 to 2023, by selected segment
(1) Revenue from core commerce is primarily generated from China retail marketplaces, 1688.com, AliExpress, Alibaba.com and Lazada.com.
(2) Revenue from cloud computing is primarily generated from the provision of services, such as data storage, elastic computing, database and large scale
computing services, as well as web hosting and domain name registration.
(3) Revenue from digital media and entertainment mainly represents advertising and subscription revenue generated from the digital entertainment business
provided by Youku Tudou and mobile internet services revenue from UCWeb businesses.
(4) Revenue from innovation initiatives and others mainly represents revenue generated by AutoNavi and YunOS, as well as fees from Ant Financial related to the SME loan business.
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Alibaba. (May 18, 2023). Annual revenue distribution of Alibaba from financial year 2019 to 2023, by selected segment [Graph]. In Statista. Retrieved December 03, 2023, from https://www.statista.com/statistics/298817/alibaba-revenue-distribution-segment/
Alibaba. "Annual revenue distribution of Alibaba from financial year 2019 to 2023, by selected segment." Chart. May 18, 2023. Statista. Accessed December 03, 2023. https://www.statista.com/statistics/298817/alibaba-revenue-distribution-segment/
Alibaba. (2023). Annual revenue distribution of Alibaba from financial year 2019 to 2023, by selected segment. Statista. Statista Inc.. Accessed: December 03, 2023. https://www.statista.com/statistics/298817/alibaba-revenue-distribution-segment/
Alibaba. "Annual Revenue Distribution of Alibaba from Financial Year 2019 to 2023, by Selected Segment." Statista, Statista Inc., 18 May 2023, https://www.statista.com/statistics/298817/alibaba-revenue-distribution-segment/
Alibaba, Annual revenue distribution of Alibaba from financial year 2019 to 2023, by selected segment Statista, https://www.statista.com/statistics/298817/alibaba-revenue-distribution-segment/ (last visited December 03, 2023)
Annual revenue distribution of Alibaba from financial year 2019 to 2023, by selected segment [Graph], Alibaba, May 18, 2023. [Online]. Available: https://www.statista.com/statistics/298817/alibaba-revenue-distribution-segment/