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Alibaba's annual net income FY 2010-FY 2020

Despite the slowdown in China’s economy, the e-commerce giant Alibaba gained a net income of over 140.3 billion yuan in its fiscal year ending on March 31, 2020, showing an increase from 80.2 billion yuan in the previous year. Dating back to 2010, Alibaba was still a company with deficits in its net income.

Alibaba’s success

Founded in 1999, the Alibaba Group didn’t have a promising prospect initially. As it is was founded, the internet was still new to most Chinese consumers and businesses. However, Alibaba has profited a lot from the rapid development of the internet and e-commerce industry in China in the last twenty years and became one of the most successful e-commerce service providers in China.

New opportunities for Alibaba

Alibaba’s success owes primarily to its various e-commerce sales platforms including B2B, B2C and C2C business models. In order to meet developing needs of its customers, Alibaba has invested in its financial services, logistic services, cloud computing services etc. Since the competition of e-commerce is becoming more and more fierce in China, Alibaba is also exploring new areas for its profit increase. One of its recent investments in Chinese courier company STO Express in 2019 could be seen as part of its New Retail strategy of integrating online and offline shopping.

Annual net income of Alibaba from financial year 2010 to 2020

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Source

Release date

May 2020

Region

China

Survey time period

FY 2010 to FY 2020

Special properties

fiscal year ending March 31

Supplementary notes

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of May 2020).

Data is based on GAAP regulations.

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Statistics on "Alibaba Group"

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