Saturday, April 20, 2024

Alibaba says to provide commerce segment earnings breakdown

Alibaba Group Holding Ltd (9988. HK) will break aggregate its commerce business in earnings, according to CFO Maggie Wu, who spoke to investors on Friday.

The company plans to divide the category into four sub-categories in the future: China commerce, which includes its major domestic-facing e-commerce platforms; international commerce, which includes Lazada, AliExpress, and other overseas-facing sites; local-based services, which includes its food delivery service Ele. me and its mapping service; and Cainiao, its logistics division.

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