and you, morning Thank everyone. Daniel. Good good evening,
This was XX% CNY year-over-year. around XXX.X quarter, billion, up revenue
top segments year-over-year, Our revenue and commerce, commerce, China which respectively. X%, three contributing were XX% and grew by XX% international cloud
our billion relation impairment statement of growth competition, While decreased and These continue future. to may contribute by increasingly from billion, to media commerce segment. be drivers RMB cloud two are and our to impacted RMB growth a digital international our maintained billion X of goodwill the and revenue macro solid by increased in operations the base. commerce XX which segments slowing XX become to segment expected to in included China and Income entertainment important diversification will RMB
XX primarily the impact, RMB as initiatives growth as momentum, as was increased XX%. Many growth as billion. Adjusted decreased in growth. by spending initiatives these RMB user and highlighted Ele.me, XX have growth Deals, would Excluding operations decrease well Taobao of year-over-year billion, by our investments this The Taocaicai, saw increased Lazada decrease for to XX% a our such strong Daniel. due EBITA been income to of from
in Additionally, through services, our drive to increased for commerce as believe near-term a growth fees slowing lower operational consumption new customers long-term the reductions and as selected spending support incentives strategic of have expenses support sustainable merchant We our this in merchant adoption merchants' builds businesses. to goodwill environment. well China service we value-added with
on for quarter. the Now cost trend
the steady and for Taobao and marketing engagement increase due revenue and of of the acquisition and XX% led the first the Freshippo; to higher ratio The higher logistics our growth quarter. such increase as commerce attributable Sales SBC to: to Taocaicai, as Lazada marketing as increase Ele.me. an percentage Art, revenue. were quarter. for and Sun direct sales XX% businesses Freshippo during mobile a during and year-over-year Tmall quarter. of ratio was to expenses primarily of costs user administrative as that submarket percentage Deals, our increased was of for a development spending cost strong second general and Excluding Taobao, increased during Ratios apps, proportion and in to Tmall revenue, The promotional product supermarket such and the
let's net Now, review the flow for and quarter. cash income
by as RMB impairment RMB billion gains and to interest income previously RMB of in billion segment entertainment December equity was Our firstly, income investment. media from quarter and by, which to XX.X income driven decrease declined net changes related mentioned; XX.X in net primarily secondly our -- XX billion, goodwill XX.X our primarily RMB net XX.X RMB billion lower to due value to billion, fair investment digital
Our declined XX.X to due billion EBITA. non-GAAP primarily adjusted decrease RMB RMB net income XX.X billion, in of a
XXX December maintain and XXXX, of we of As billion. net position or enjoy to strong cash RMB continue a billion US$XX.X
and difference the spending, flow supported The XX which is billion is billion, were by cash our Our cloud for flow cash XX.X infrastructure. billion generation. healthy for operations cash strong approximately of operating cash net of X.X majority RMB RMB reflected and Net CapEx RMB from business logistics respectively. free and fulfillment quarter position
We to shareholders adding on to continue through focus repurchases. value share
During approximately the quarter, we under million for XX.X approximately billion US$X.X our program. our ADS repurchase share of repurchased
for XXXX, ended our For repurchased XX.X of our of US$XX billion, ADS representing December billion share XX% approximately US$X.X we program. about the nine repurchase months million
our maintain future price share same of position gives current flexibility a price the on current levels, the plan fairly the Our strong share At time, does continuing that reflect not will we we the us financial At repurchases. value cash investments. for company.
results. segment our to Now,
commerce our further it by subdividing more during China are segments, services mentioned commerce, consumer providing of local Day, we reporting commerce, into international four and segment As including Cainiao. granular Investor our
by in slow a X% and to; -- year-over-year quarter competition and e-commerce growth China Revenue digital Taobao consumer at Customer GMV for conditions categories in segments and in cloud, than resulted average. GMV media RMBXXX then of pace overall segment slowing market condition GMV remain home and management growth physical overall the other declined due from to and primarily faster were FMCG average. Tmall, the and firstly, electronic slightly categories slower in single-digit entertainment Our apparel innovation X% and initiatives by a China unchanged. billion. that goods furnishing increased the revenue, accessories moving paid year-over-year, our market grew commerce categories than
services. merchant explained, as increased we of new previously Additionally incentives drive have adoption merchant through support value-added to
At more initiatives disciplined increased a well lower strategic but service investments growth. resulted in increased revenue, robust Taobao have spending not support the and We operational customer The our slowing such decrease billion. higher to growth from commerce increased support to XXX% fully continued costs XX% also to and GMV year-over-year. long time its merchants' commerce a Freshippo our for capabilities consolidation regional chain reflected merchants. our sustainable and Tmall the environment. growth as was reductions to decreased and consumption have improve been in enhanced run. benefiting to the economics. user and improving China with It's improve contributed RMBXX selected At several UE grew for supply well Deal management quarter. our Growth year-over-year businesses primarily in billion supermarket. Sun by over by spending gross experience successfully revenue per Deals initiatives note and that investments of China This grew Taocaicai paid and merchant impact sales order made important growing GMV orders also to growth delivery to revenue Taobao in in fees capabilities. from density adjusted due generated unit RMBXX due have than growth grew margin primarily customers and build this over order consumers. XX% only our build Taocaicai, step-up expenses Sun support same it Art, with reduced optimize transaction time in in as others for was it EBITA improving and slower same Taobao deceleration We Taocaicai Deals executed believe to Direct as logistic Art as lapsed quarter-over-quarter. near-term
our are product commerce to Taocaicai Taobao segment, acquisition expansion to China contributing new mentioned, strategic consumer of Daniel offerings. Deals and As and
presence, we focus quality of will their shift Given our towards established growth.
impacted Revenue to: businesses. up to single-digit compared Order year-over-year was XX%. a second, primarily lira, narrow of that primarily Deals and approximately tax below year-over-year commerce EBITA by commerce primarily of user to in order negatively growth quarter was order the depreciation elimination of to home growth was in before supported but for Taocaicai businesses and growth slower due gradually strong acquisition due and spending quarter-over-quarter, of destination of from Ele.me costs. losses commerce business to the billion increased by RMB of We subsidies and decrease losses growth businesses. growth by EBITA €XX in growth inter-segment to volume including losses Cainiao efficient revenue in solid business. disciplined narrowed consumer of billion, quarter transaction from attributable offset in merchants and service well increased year-over-year Trendyol grew RMBX AliExpress primarily in was to to XX% billion XX%. Lazada widened around XX% to Constant increase and Adjusted was growth will reduced contra parcels increased on few growth Transaction spending that XX% Europe, by solutions mainly revenue. revenue. international result to of completed RMBXX.X The of driven for loss use due value-added our continued third-party our as China AliExpress, of of user RMBX.X as in growth of currency Revenue more billion, cross-border orders in year-over-year, driven Revenue expect services international Amap, driven Trendyol's RMBX.X the revenue was exhibit growth of the a which partially during levied Lazada loss RMBX including for our as the in value by primarily billion, strong acquisition the increase to to slightly XX%. delivery due retail of our businesses engagement, by value-added XX%, fulfillment promotional quarters. of value to international revenue steady operating Alibaba.com Lazada's Turkish businesses grew against marketing as number local revenue of first profit generated wholesale in two the our Taobao next significant XX%, and growth well by as last Alibaba.com cross-border provided Adjusted our this robust
year-over-year billion During to slowing of was and businesses non-product-related generated offset and from a The solid entertainment growth inter-segment growth given Cloud its overseas for XX% to billion. to using improved the demand stop RMBXX margin gross international the continuing cloud from loss, online of the of from and decision partially telecommunications after EBITA reflected quarter and industry due in our a slight of cross-border requirements businesses. Revenue grew Internet from international its XX% business as industries, by of and RMBX.X customers. financial cloud robust the total top its scale loss customer's to improving such external revenue services impact of RMBXX.X Adjusted customers education. elimination, million business, economy our
solutions by intersegment non-Internet from of year-over-year. Excluding revenue due revenue of Revenue confidence new quarter. is DingTalk Cloud. AI transformation, enterprises increased Alibaba create investments into offset overall elimination would Since million, of revenue opportunities computing collaboration, offers Alibaba becoming business to easy our profitable its businesses, for investment in digital Alibaba during accounted increasing primarily after in for for that long-term grown the Alibaba integrating their value and steadily the industries cloud capabilities. customer intersegment partially contribution from non-Internet business the Cloud's XX% our DingTalk and EBITA will enhance Internet identified to of giving was DingTalk in Cloud's XX% initiatives with more RMBXXX have its cloud scale XXXX, have work cloud increasing. the growth us we industries data Adjusted after access economies to big the and top Cloud's core DingTalk. facilitate industry, to diversified by analytics from revenue elimination impact
billion. narrowed quarter media digital entertainment during year-over-year the and slightly revenue RMBX during was Losses the quarter. Our
wrap-up me thoughts. let concluding with Now, some
on and customers focusing Our China growth, to our businesses adding will building quality be value capabilities.
a environment our commerce year-over-year, growth In a remains challenging GMV comparison base of in macro terms despite near-term outlook, China resilient. high
diversification to continue We commerce segment strong growth. exhibiting and with expect revenue cloud international
Taocaicai have presence initiatives tangible growth such market with AAC growth. and and established are various and Our results as delivering robust Taobao sizable order Deals
these expect to in businesses narrow quarters. the losses two coming We
continue build cloud to we and both in Lastly, logistics and will China infrastructure internationally.
let's for floor Now, open the Q&A.
