Alibaba's revenue rose 30 percent year-on-year to RMB 155.06 billion in the second quarter of fiscal 2021, which ended September 30, 2020, slightly ahead of market expectations of RMB 154.84 billion.
Revenue from Alibaba's core e-commerce business grew 29% year-on-year, the company reported today.
It reported adjusted earnings per ADS of RMB 17.97, higher than the market's expectation of RMB 13.87.
Alibaba reported 881 million monthly active mobile users in its fiscal second quarter, below market expectations of 899 million. Monthly active mobile users increased by 7 million in the second quarter from the previous quarter.
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For the 12 months ended September 30, 2020, Alibaba reached 757 million annual active consumers in China's retail market, a net increase of 15 million in a single quarter.
Alibaba reported an adjusted EBITDA of RMB 47.53 billion in its fiscal second quarter, beating analysts' expectations of RMB 46.23 billion.
Its core commercial business grew 29% year-on-year to RMB 130.922 billion.
Of this, China retail commerce grew 26% year-on-year to RMB 95.47 billion, Cainiao logistics services grew 73% to RMB 8.226 billion, and local lifestyle services grew 29% to RMB 8.839 billion.
Alibaba's cloud computing revenue rose 60 percent year-on-year to RMB 14.9 billion, beating analysts' expectations of RMB 14.31 billion.
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Its digital media and entertainment revenue grew 8 percent year-on-year to RMB 8.066 billion, while innovation and others grew 10 percent to RMB 1.172 billion.
Alibaba Group Chairman and Chief Executive Officer Zhang Yong said Alibaba reaped another strong quarter and has continued to support business recovery since the outbreak of Covide-19 and seek new growth opportunities through digitalization.
"We will continue to focus on our three long-term growth engines - domestic demand, cloud computing, and big data, and globalization - to more effectively capture the evolving needs of consumers and the opportunities presented by the accelerated digitization of businesses within Alibaba's digital economy," he claimed.
Alibaba shares went down 2.44 percent in pre-market trading on Thursday.
