Alibaba's Joe Tsai: We're Looking Long-Term, Beyond 'Trade War Blip'
CNBC.com video above published April 30, 2018: Joe Tsai, Alibaba executive vice chairman, speaks to CNBC's David Faber at the Milken Conference about the business effects of U.S.-China trade war rhetoric.
Alibaba Group Holding Limited
Stock Exchange: Symbol |
NYSE: BABA
Domain: alibabagroup.com
UPDATE: $BABA March Quarter 2018 and Full Fiscal Year 2018 Results:
Press Release
“Fiscal 2018 culminated with a quarter we are very proud of. Full year revenue grew 58%, core commerce revenue grew 60%, with profit growth of over 40% and annual free cash flow of US$15.8 billion,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “Looking ahead to fiscal 2019, we expect overall revenue growth above 60%, reflecting our confidence in our core business as well as positive momentum in new businesses. We expect our new growth initiatives will drive long-term, sustainable value for our customers and partners and increase our total addressable market.”
Webcast replay available
here.
Presentation (pdf) embed below:
Original Post
Release of unaudited financial results for the quarter and fiscal year ended March 31, 2018
before the U.S. market opens on
Friday, May 4, 2018, via the Alibaba Group’s Investor Relations website at
http://www.alibabagroup.com/en/ir/home (earnings release and accompanying slides) prior to the LIVE webcast and conference call (see below) that same day.
LIVE webcast [
http://www.alibabagroup.com/en/ir/earnings] and conference call to discuss the financial results at 7:30 a.m. U.S. EDT (7:30 p.m. Hong Kong Time) May 4, 2018.
Details of the conference call are as follows:
International: +65 6713 5090
U.S.: +1 845 675 0437
U.K.: +44 203 621 4779
Hong Kong: +852 3018 6771
Conference ID: 6887267
An archived webcast will be available through the same link above following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 6887267).
See also:
Jack Ma's Free Spending Ways Are Spooking Alibaba's Investors | Bloomberg.com:
"That applies equally to Tencent, which has lost more than $100 billion of market value since its Jan. 23 apex."
Alibaba Group Holding Limited is a Chinese multinational e-commerce, retail, internet, AI and technology conglomerate founded in 1999 that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors.
Alibaba was founded April 4, 1999, at Hangzhou, China,
founders include Jack Ma.
- CEO: Daniel Zhang (May 10, 2015–)
- Headquarters: Hangzhou, China
- Subsidiaries
About Alibaba Group (source: alibabagroup.com)
"Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years."
