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Alibaba: annual net income 2010-2018

Annual net income of Alibaba from 2010 to 2018 (in million yuan)

Alibaba: annual net income 2010-2018 Despite the slowdown in China’s economy, the e-commerce giant Alibaba gained a net income of over 61 billion yuan in its fiscal year ending on March 31, 2018, showing an increase from 41.23 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. Its latest investment in Chinese courier company STO Express in 2019 could be seen as part of its New Retail strategy of integrating online and offline shopping.
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Annual net income of Alibaba from 2010 to 2018 (in million yuan)

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Net income in million yuan
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Despite the slowdown in China’s economy, the e-commerce giant Alibaba gained a net income of over 61 billion yuan in its fiscal year ending on March 31, 2018, showing an increase from 41.23 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. Its latest investment in Chinese courier company STO Express in 2019 could be seen as part of its New Retail strategy of integrating online and offline shopping.
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Release date
May 2018
Region
China
Survey time period
2010 to 2018
Special properties
Fiscal year ending March 31
Supplementary notes
Data is based on GAAP regulations.
FY 2017 year-over-year decrease was primarily due to non-recurring disposal and revaluation gains of RMB43,337 million in fiscal year 2016, as discussed in detail in “Interest and investment income, net”.
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