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[Alibaba's annual report reveals one year's report card of changes: Taotian consumers continue to have a high Retention ratecryptogamingblockchains, Cross-border business is growing rapidly] Securities Times e Company News, on the evening of May 23, Alibaba Group released its 2024 fiscal year annual report. After a year of organizational changes, Alibaba has made it clear that "users come first, AI-drivencryptogamingblockchains...

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[Alibaba's annual report reveals a report card for the year of change: Taotian consumers continue to have a high Retention rate, and cross-border business grows rapidly] Securities Times e Company News, on the evening of May 23, Alibaba Group released its 2024 fiscal year annual report. After a year of organizational changes, Alibaba has clarified the strategic direction of "user-first, AI-driven", sorted out business priorities, and accelerated the growth of core business gains. The annual report shows that consumers on Taobao Tmall platform continue to show high Retention rate. In fiscal year 2024, the number of annual active consumers spending more than 10000 yuan on China's commercial retail platforms continues to grow. Cross-border business grew rapidly. Alibaba International Digital Commerce Group's revenue exceeded 100 billion yuan, a year-on-year increase of 46%. Cainiao Group's revenue increased by 28% year-on-year. The average daily performance of cross-border and international business exceeded 5 million packages. As an instant delivery infrastructure, E-Mo leverages synergy with e-commerce platforms, and the volume of E-Mo orders increased strongly year-on-year this fiscal year. Alibaba said it will continue to invest in two major areas in the future: one is to accelerate the growth of core business, and the other is to maintain leadership in basic technologies and innovation including AI.