Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. Digital Media and Entertainment During fiscal year 2023, we recorded a RMB2,714 million (US$395 million) impairment of goodwill in relation to Digital media and entertainment segment, and a RMB2,811 million (US$409 million) impairment of intangible assets. Net income was RMB21,996 million (US$3,203 million), compared to net loss of RMB18,357 million in the same quarter last year, primarily due to net gains arising from the increases in the market prices of our equity investments in publicly-traded companies, compared to net losses from these investments in the same quarter last year, partly offset by the decrease in share of profit of equity method investees, the increase in impairment of investments and the decrease in income from operations as mentioned above. Local Consumer Services Digital media and entertainment adjusted EBITA in fiscal year 2023 was a loss of RMB1,874 million (US$273 million), compared to a loss of RMB4,690 million in fiscal year 2022, primarily due to the narrowing of loss from Youku driven by disciplined investment in content and production capability. Our board of directors approved the following transactions as the initial phase of our capital management planning: The platform provides logistics, payment, curation, and consignment services. We expect that our share-based compensation expense will continue to be affected by changes in the fair value of the underlying awards and the quantity of awards we grant in the future. You can read more about your. Other shareholders in the business group include strategic investors in the logistics industry and global institutional investors. This represents share-based awards of our subsidiaries. Get the full list, Youre viewing 4 of 8 executive team members. 1688.com: 1688.com launched the Warm Spring Recovery campaign to help manufacturers attract new customers and provide marketing, financial and logistics support. Get the full list, To view Trendyols complete investments history, request access, Morningstar Institutional Equity Research, Maslak Mahallesi Bykdere Caddesi (Spine Plaza) Number 243. All of these impacts were excluded from our non-GAAP measures of profitability. As of March 31, 2023, we had 20.5 billion ordinary shares (the equivalent of approximately 2.6 billion ADSs) outstanding, and approximately US$19.4 billion remaining under the current authorization, effective through March 2025. Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement. Winnie Jia WEN, Director (President, Group Public Affairs) Adjusted EBITDA increased 37% year-over-year to RMB32,123 million (US$4,677 million) in the quarter ended March 31, 2023, compared to RMB23,373 million in the same quarter of 2022. Partnership: At the 2023 Alibaba Cloud Partner Conference, Alibaba Cloud unveiled several initiatives to our partners, including the promotion of commission to our ecosystem partners, in order to further integrate our proprietary technology and products into our partners solutions to create value for our enterprise customers. (ii) Segment adjusted EBITA (3) Trendyol Group has acquired Dolap on Mar 1, 2018. (ii) Segment adjusted EBITA During the quarter ended March 31, 2023, net cash used in financing activities of RMB9,319 million (US$1,357 million) primarily reflected cash used in repurchase of ordinary shares of RMB12,611 million (US$1,836 million), partially offset by net proceeds from bank borrowings of RMB3,294 million (US$480million). 5. Businesses include luxury fashion stores to department stores and e-commerce retailing. Daniel Yong ZHANG, Chairman and Chief Executive Officer (Chairman and Chief Executive Officer, Alibaba Group) Net income attributable to ordinary shareholders was RMB72,509 million (US$10,558 million) and net income was RMB65,573 million (US$9,548 million), showing year-over-year increases of 17% and 39%, respectively, primarily due to the increase in income from operations and the decrease in net losses arising from changes in the fair values of our equity investments, partly offset by the decrease in share of profit of equity method investees and the increase in impairment of investments. Jessie Junfang ZHENG, Director (Chief Risk Officer, Cloud Intelligence Group) BUSINESS HIGHLIGHTS Tehran, Tehran, Iran 1001-5000 Seed Private www.digikala.com/ 151,729 Highlights Contacts 117 Employee Profiles 4 Similar Companies 5 It was founded in 2010 and is based in Istanbul, Turkey. The following table sets forth our analysis of share-based compensation expense for the periods indicated by type of share-based awards: The year-over-year decrease in revenue of our Cloud segment reflected delays in delivery of hybrid cloud projects given the COVID-19 resurgence in January, normalization of CDN demand compared to the same period last year, as well as the impact from a top customer phasing out using our overseas cloud services for its international business due to non-product related reasons. Supporting the building of socioeconomic resilience MARCH QUARTER OTHER FINANCIAL RESULTS The platform was approved as a research and development centre in 2019 by the Ministry of Industry and Technology. It makes the online firm the most valuable company in Turkey. We excluded share-based compensation expense from our non-GAAP measurements. Revenue from our Cloud segment, after inter-segment elimination, was RMB77,203 million (US$11,242 million) in fiscal year 2023, an increase of 4% year-over-year compared to RMB74,568 million in fiscal year 2022. For AliExpress Choice, Cainiao has upgraded its warehouse network to improve its parcel bundling and direct shipping capabilities, enabling merchants to achieve full-scale global logistics management for worldwide shipping. The round was co-led by General Atlantic, SoftBank Vision Fund 2, as well as Princeville Capital and sovereign wealth funds, ADQ (UAE) and the Qatar Investment Authority, the company said in a statement. Trendyol Group is funded by 10 investors. Learn more. One of Turkeys leading e-commerce company Trendyol received a new investment of $350 million from its partner company Alibaba. site you are consenting to these choices. China Commerce Retail Business Trendyol also owns a fashion line, Milla, which is a brand created via crowdsourcing. Interest and investment income, net The round was co-led by General Atlantic, a leading global growth equity firm, SoftBank Vision Fund 2*, as well as Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority. The goodwill impairment, and the equity-settled donation expense related to the allotment of shares to a charitable trust, are presented as unallocated items in the segment information because our management does not consider these as part of the segment operating performance measure. (2) Updates on ESG Initiatives Legal Disclaimer I Fraudulent Requests I Sitemap I Privacy Notice I Form CRS, Our Investment Approach and Global Opportunity Set. Business Group Each ADS represents eight ordinary shares. The increase was primarily due to reduced loss of Taobao Deals, Taocaicai and Freshippo. Alibaba is committed to improving shareholders return through the implementation of a robust capital allocation framework, said Toby Xu, Chief Financial Officer of Alibaba Group. Non-GAAP diluted earnings per ADS was RMB54.56 (US$7.94), an increase of 4% year-over-year and non-GAAP diluted earnings per share was RMB6.82 (US$0.99 or HK$7.79), an increase of 4% year-over-year. By leveraging chartered flights and utilizing overseas warehouses, AliExpress has been able to offer these value-added services with shortened delivery time in key strategic countries. Data privacy and security practices may vary based on your use, region, and age. Net income attributable to ordinary shareholders was RMB23,516 million (US$3,424 million). Local Consumer Services Cloud adjusted EBITA was RMB385 million (US$56 million) in the quarter ended March 31, 2023, compared to RMB276 million in the same quarter of 2022. MARCH QUARTER SUMMARY FINANCIAL RESULTS Revenue from our Digital media and entertainment segment in the quarter ended March 31, 2023 was RMB8,273 million (US$1,204 million), an increase of 3%, compared to RMB8,005 million in the same quarter of 2022. Turkeys No. China Commerce Total revenue generated by Cainiao, before inter-segment elimination, which includes revenue from services provided to other Alibaba businesses, was RMB18,915 million (US$2,754 million), an increase of 15% compared to RMB16,451 million in the same quarter of 2022. The above-mentioned gains and losses were excluded from our non-GAAP net income. Narrowing of loss from Lazada was a result of continuous improvement in monetization rate by offering more value-added services as well as enhanced operating efficiency. stanbul, Maslak Type Privately Held Founded 2010 Specialties Fashion, Technology, ecommerce, services, startup, and decacorn Locations Primary Bykdere Caddesi No:243, Saryer/stanbul Spine. Share of results of equity method investees Chinas consumption gradually recovered throughout the quarter ended March 31, 2023. Trendyol is a fashion e-commerce company in Turkey offering members access to fashion brands at members-only prices. In the fiscal year ended March 31, 2023: Entdecke unsere eigenen Kreationen der Trendyol Collection mit lssigen Jeansstyles, glamourser Abendmode . A majority of the compliance and risk committee members are independent directors. During the quarter, after inter-segment elimination, revenue from non-internet industries grew healthily, driven by financial services, retail, media and automobile industries. SVF 2 has yet to have an external close, and any potential third-party investors shall receive additional information related to any SVF 2 investments prior to closing. Jane Fang JIANG, Director (Group Chief People Officer) Costs and Expenses Adjusted EBITDA and Adjusted EBITA Learn More. Jian WANG, Director (Chairman, Group Technology Steering Committee) Zeming WU, Director (Group Chief Technology Officer) Direct sales and others revenue under China commerce retail business in the quarter ended March 31, 2023 was RMB71,788 million (US$10,453 million), decreasing slightly by 1% year-over-year, compared to RMB72,275 million in the same quarter of 2022, mainly due to decrease in offline store sales, which was negatively affected by the COVID-19 disruption in January and seasonal volatility from an earlier Chinese New Year, as well as normalizing grocery demand due to decrease in consumer hoarding behavior post-COVID-19. Trendyol Collection Evening & Prom Dress - Pink - Shift. Income from operations and operating margin Boyner Grup (traded on Istanbul stock exchnage BST: BOYNR) is a leading non-food and non-electronic retail group in Turkey serving customers with 8 group companies and 500+ stores. (2) Digital media and entertainment adjusted EBITA in the quarter ended March 31, 2023 was a loss of RMB1,102 million (US$160 million), compared to a loss of RMB1,966 million in the same quarter of 2022, primarily due to the narrowing of loss from Youku driven by disciplined investment in content and production capability. General Atlantic Local consumer services adjusted EBITA was a loss of RMB14,021 million (US$2,041 million) in fiscal year 2023, compared to a loss of RMB22,092 million in fiscal year 2022, primarily due to the continued narrowing of loss from our To-Home business. Dolap was founded in 2016 as a second-hand product trading platform and acquired by Trendyol in 2018. China commerce adjusted EBITA increased by 1% to RMB184,862 million (US$26,918 million) in fiscal year 2023, compared to RMB182,431 million in fiscal year 2022. Trudy Shan DAI, Director (Chief Executive Officer, Taobao & Tmall Group) Except for the share of profit of equity method investees, we excluded these investment related net gains or losses from our non-GAAP measures. Customers can type in search bar for wished products, also can find it in these categories. Alibaba invested another USD 350 million earlier this year to increase its stake in the Turkish firm to 86.5%. Revenue from Innovation initiatives and others was RMB2,274 million (US$331 million) in fiscal year 2023, a decrease of 20% compared to RMB2,841 million in fiscal year 2022. (2) The following table sets forth a breakdown of our revenue by segment for the periods indicated: Income tax expenses our sites and services. Revenue from Local consumer services was RMB50,112 million (US$7,297 million) in fiscal year 2023, an increase of 12% compared to RMB44,616 million in fiscal year 2022, primarily driven by higher average order value of Ele.me and strong order growth of Amap. Trendyol is the leading e-commerce platform in Turkey, serving 30 million shoppers and over 140,000 merchants in the country. Adjusted EBITA and adjusted EBITA margin by segments The increased loss from Lazada is primarily due to a one-off early termination expense in connection with renegotiating new service contracts to reduce future operating costs, which was partly offset by the continuous improvement in monetization rate by offering more value-added services as well as enhanced operating efficiency. Direct sales and others revenue under China commerce retail primarily represents our direct sales businesses, comprising mainly Sun Art, Tmall Supermarket, Freshippo, and Alibaba Healths direct sales businesses where revenue and the cost of inventory are recorded on a gross basis.
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