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Taobao and Tmall dragged down Alibaba in the third quarter

11/18 2024 505

Revenue increased by 1%, while adjusted EBITA decreased by 5%.

Author/Liu Yong

Editor/Zhang Xiao

Yesterday (November 15), Alibaba released its financial results for the second quarter (Q2) of fiscal year 2025 (the third quarter of 2024), which fell short of market expectations on the whole.

Alibaba's revenue in the third quarter was RMB 236.503 billion, representing a year-on-year increase of 5%, which was lower than the 9% growth rate in the same period last year;

Alibaba's Taobao and Tmall Group, Wu Yongming, Double 11 e-commerce

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