During the quarter, Tmall Global GMV, excluding unpaid orders, grew over 40% year-over-year, reflecting strong consumer demand for high quality, branded products from overseas, as well as increasing online purchases due to the impact of the COVID-19 pandemic on international travel. In the June 2020 quarter, net cash provided by operating activities was RMB50,099 million (US$7,091 million), an increase of 45% compared to RMB34,612 million in the same quarter of 2019. This is inline with the Invesco QQQ Trust, Series 1 (NASDAQ: QQQ ). All rights reserved. Adjusted EBITA increased 31% year-over-year to RMB45,372 million (US$6,422 million) in the quarter ended June 30, 2020, compared to RMB34,556 million in the same quarter of 2019. 7 Explosive Cryptocurrencies to Buy for the Bitcoin Halvening Revenue from our digital media and entertainment segment in the quarter ended June 30, 2020 was RMB6,994 million (US$990 million), an increase of 9% compared to RMB6,426 million in the same quarter of 2019. As a result of our adoption of this new accounting update, we are now reporting cash outflows for the acquisition of licensed copyrights as operating activities in the consolidated statements of cash flows prospectively beginning in the first quarter of this fiscal year.
Chinese stocks on the whole have performed well; it’s not quite clear why BABA should lag its peers.There simply isn’t a good enough reason for the valuation assigned Alibaba stock at the moment. Fundamentals alone don’t determine whether a stock is attractive.
Learn about financial terms, types of investments, trading strategies and more.MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Secret Advisor to Billionaires Makes Surprising Prediction for 2020According to Eric Fry, a handful of little-known stocks are on the verge of a sudden and powerful turnaround. We achieved another record 6.18 Mid-Year Shopping Festival in scale and reach. The following table sets forth our income (loss) from operations by segments for the periods indicated: Share of profit (loss) of equity method investees As of June 30, 2020, we had a total of 120,535 employees, compared to 117,600 as of March 31, 2020. “We delivered a very strong start to our new fiscal year, with revenue growing 34% year-over-year and adjusted EBITDA growing 30% year-over-year,” said Maggie Wu, Chief Financial Officer of Alibaba Group. Nasdaq Data
Unallocated expenses primarily relate to corporate administrative costs and other miscellaneous items that are not allocated to individual segments. Brands and merchants are also leveraging interactive engagement formats such as live-streaming and mini-games on Lazada to connect with online consumers. Income from operations in the quarter ended June 30, 2020 was RMB34,705 million (US$4,912 million), or 23% of revenue, an increase of 42% compared to RMB24,375 million, or 21% of revenue, in the same quarter of 2019. Starting this quarter, we reclassified revenue from our self-developed online games business, which was previously reported under the innovation initiatives and others segment, as revenue from digital media and entertainment segment because it has moved beyond the incubation stage. Yet we have no evidence of that deceleration. The table below sets forth a reconciliation of adjusted EBITA for core commerce to marketplace-based core commerce adjusted EBITA for the periods indicated: We were well positioned to capture growth from the ongoing digital transformation, which has been accelerated by the pandemic, in both consumption and enterprise operations,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. Share of results of equity method investees in the quarter ended June 30, 2020 and the comparative periods consisted of the following:
nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? This reclassification conforms to the way that we manage and monitor segment performance. During the quarter, Lazada also saw solid merchant growth and greater increases in product supplies. This reclassification conforms to the way that we manage and monitor segment performance. Year-to-date performance aside, the stock looks cheap.At this valuation, investors still are treating BABA as if its growth is coming to a relatively quick end. Interest and investment income, net in the quarter ended June 30, 2020 was RMB22,137 million (US$3,133 million), compared to RMB187 million in the same quarter of 2019, primarily due to a net gain arising from the increase in the market prices of our equity investments in publicly-traded companies in the quarter ended June 30, 2020, compared to a net loss arising from the decrease in the market prices of these equity investments in the same quarter of 2019.
Ele.me food delivery GMV growth turned positive in April and improved during the quarter as lockdown measures for the pandemic in China were lifted. 2 Top Tech Stocks Under $20 Per Share