Alibaba Group Holding Limited is a holding company that provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with their users and customers more efficiently. The company operates through various platforms offering digital retail marketplaces, cloud services, international commerce, logistics solutions, local services, and digital media and entertainment. Alibaba's diverse operations aim to empower small businesses through digital technology and facilitate commercial and social interactions globally .
- Taobao and Tmall Group - Operates digital retail marketplaces in China, including Taobao and Tmall, and offers consumer-to-consumer and direct sales through platforms like Xianyu, Tmall Supermarket, and Tmall Global .
- Cloud Intelligence Group - Provides a comprehensive suite of cloud services, including infrastructure-as-a-service, platform-as-a-service, and model-as-a-service to customers worldwide .
- Alibaba International Digital Commerce Group - Manages international commerce through platforms such as AliExpress, Trendyol, Lazada, Daraz, and Miravia, and conducts international wholesale business via Alibaba.com .
- Cainiao Smart Logistics Network Limited - Offers global logistics solutions, including express delivery and supply chain services, charging merchants delivery and service fees .
- Local Services Group - Includes "To-Home" services like Ele.me, an on-demand delivery platform, and "To-Destination" services through Amap, a digital maps and navigation provider in China .
- Digital Media and Entertainment Group - Encompasses platforms like Youku, an online video platform, and Alibaba Pictures, focusing on content production, promotion, and distribution .
- All Others - Encompasses various other businesses such as Sun Art, Freshippo, Alibaba Health, Lingxi Games, Intime, Intelligent Information Platform (UCWeb and Quark), Fliggy, and DingTalk .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
J. Michael Evans ExecutiveBoard | President | Board Member of Barrick Gold Corporation and Farfetch Limited; Trustee of the Asia Society; Member of the Advisory Council for the Bendheim Center for Finance at Princeton University. | Former Vice Chairman of Goldman Sachs, joined Alibaba in 2015, focusing on international business and strategy. | |
Joseph C. Tsai ExecutiveBoard | Chairman | Chairman of Cainiao Smart Logistics Network Limited; Board Member of Taobao and Tmall Group, Alibaba International Digital Commerce Group, and Ant Group. | Co-founder of Alibaba, instrumental in its global expansion and leadership in e-commerce and digital innovation. | |
Eddie Yongming Wu Executive | Chief Executive Officer | Founder of Vision Plus Capital. | Co-founder of Alibaba, held various leadership roles including Chairman and CEO of Taobao and Tmall Group. | |
Jane Fang Jiang Executive | Chief People Officer | None. | Founding team member of Alibaba, held various senior management roles, and became CPO in 2023. | |
Lin Wan Executive | CEO of Cainiao Smart Logistics Network | None. | Joined Alibaba in 2014, leads Cainiao's global logistics and digital transformation efforts. | |
Luyuan Fan Executive | CEO of Digital Media and Entertainment Group | Chairman and CEO of Alibaba Pictures. | Joined Alibaba in 2007, leads the Digital Media and Entertainment Group and Alibaba Pictures. | |
Sara Siying Yu Executive | General Counsel | None. | Joined Alibaba in 2005, became General Counsel in 2020, and is a director of the Digital Media and Entertainment Group. | |
Toby Hong Xu Executive | Chief Financial Officer | None. | Joined Alibaba in 2018, previously Deputy CFO, and has extensive experience in financial management. | View Report → |
Albert Kong Ping Ng Board | Independent Director | Independent Director at Ping An Insurance, Beijing Airdoc Technology, China International Capital Corporation, and Shui On Land Limited. | Former Chairman of Ernst & Young China, joined Alibaba as an independent director in 2022. | |
Irene Yun-Lien Lee Board | Independent Director | Executive Chairman of Hysan Development Limited; Independent Non-Executive Chairman of Hang Seng Bank Limited; Independent Non-Executive Director of HSBC. | Experienced financial services executive, joined Alibaba as an independent director in 2022. | |
Jerry Yang Board | Independent Director | Founding Partner of AME Cloud Ventures; Independent Director at Workday Inc.; Trustee of Stanford University. | Co-founder of Yahoo!, joined Alibaba as an independent director in 2014. | |
Kabir Misra Board | Independent Director | Managing Partner at RPS Ventures; Independent Director at PayActiv, Stratim Cloud Acquisition Corp., and Cargomatic. | Former SoftBank executive, joined Alibaba as a director in 2020 and became an independent director in 2023. | |
Wan Ling Martello Board | Independent Director | Founding Partner of BayPine; Director at Uber Technologies, Inc. and Stellantis N.V.. | Former Nestlé executive, joined Alibaba as an independent director in 2015. | |
Weijian Shan Board | Independent Director | Executive Chairman of PAG; Trustee of the British Museum. | Founder of PAG, a leading private equity firm, and author of several books on finance. |
- Given that competitors are reducing their take rates to attract more merchants, how does Alibaba plan to balance increasing its take rate through software service fees and marketing tools like Transient with the potential risk of losing merchants to platforms offering lower costs?
- With significant investments in AI infrastructure and cloud services increasing capital expenditures, how will Alibaba ensure a strong return on investment, especially considering the uncertainty around future AI demand and the competitive landscape?
- Despite recent price reductions in cloud services to attract new users, how does Alibaba plan to sustain profitability in its cloud business, and what strategies are in place to mitigate margin pressures in the face of intensified competition?
- You have high expectations for user growth after introducing interoperability with WeChat Pay on Taobao and Tmall. Can you share specific timelines or targets for this growth, and what strategies are in place to convert these new users into long-term active consumers?
- The Singles Day promotions this year relied heavily on platform-funded discounts, which could impact short-term profitability. How does Alibaba justify this approach in terms of long-term financial performance, and what are the expected effects on margins if such strategies need to be sustained to remain competitive?
Research analysts who have asked questions during Alibaba Group Holding earnings calls.
Alicia Yap
Citigroup
6 questions for BABA
Gary Yu
Morgan Stanley
6 questions for BABA
Kenneth Fong
UBS Group AG
6 questions for BABA
Ronald Keung
Goldman Sachs
5 questions for BABA
Alex Yao
JPMorgan Chase & Co.
4 questions for BABA
Joyce Ju
Analyst
3 questions for BABA
Thomas Chong
Jefferies Financial Group Inc.
3 questions for BABA
James Lee
Mizuho Securities
2 questions for BABA
Jialong Shi
Nomura
2 questions for BABA
Alexei Gogolev
JPMorgan Chase & Co.
1 question for BABA
Ellie Jiang
Macquarie
1 question for BABA
Jiong Shao
Barclays
1 question for BABA
Youssef Squali
Truist Securities
1 question for BABA
Yuan Leong
Citigroup
1 question for BABA
Yuan Liao
CITIC Securities
1 question for BABA
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Shenzhen 4PX Information and Technology Co., Ltd. | 2024 | Alibaba converted RMB400 million in convertible loans in October 2024 to acquire an additional 6% equity interest, making Shenzhen 4PX a consolidated subsidiary; the company provides global cross-border e-commerce supply chain services. |
Moonshot AI Ltd | 2024 | Alibaba invested approximately US$0.8 billion (RMB5.9 billion) for a 36% equity interest in Moonshot AI Ltd through a preferred stock transaction, with the investment accounted for using the measurement alternative. |
Damai | 2023 | Alibaba Pictures acquired Damai on September 19, 2023 to leverage its leading position in the offline performance market, which saw triple-digit GMV growth and strategic collaborations with platforms like Youku. |
Sun Art | 2020 | Alibaba increased its stake in Sun Art by acquiring additional effective equity interests in October and December 2020 for a total consideration of RMB46,695 million, resulting in significant goodwill and intangible asset recognition while integrating its online and offline retail strategy. |
Recent press releases and 8-K filings for BABA.
- Alibaba Group announced a proposed offering of approximately US$3.2 billion aggregate principal amount of Zero Coupon Convertible Senior Notes due 2032.
- The net proceeds, estimated at approximately US$3.13 billion, will be strategically allocated: 80% to enhance cloud infrastructure and 20% to expand international commerce operations.
- To mitigate potential dilution, the company entered into capped call options, which effectively increase the conversion price to a cap price of US$235.46 per ADS. The initial conversion price is US$193.15 per ADS.
- The offering is expected to close on September 16, 2025.
- Alibaba Group Holding Ltd. plans to issue approximately $3.2 billion in zero-coupon convertible senior notes due in 2032.
- The proceeds will primarily fund enhancements to Alibaba's cloud infrastructure (approximately 80% of funds) and support the expansion of its international commerce operations (remaining 20%).
- These notes are aimed at non-U.S. investors in offshore transactions, a strategic move expected to lower Alibaba’s overall cost of capital.
- Following the announcement, Alibaba’s American depositary receipts (ADRs) fell 1.7% in after-hours trading.
- Alibaba Group Holding reported total revenue of RMB247.7 billion for Q1 2026. Excluding revenue from SunART and InTime, total revenue grew 10% year-over-year on a like-for-like basis.
- Cloud Intelligence Group revenue growth accelerated to 26% year-over-year, with AI-related product revenue maintaining triple-digit growth for the eighth consecutive quarter. AI-related revenue accounted for over 20% of revenue from external customers.
- The company announced plans to invest RMB380 billion over the next three years to build cloud and AI infrastructure, and RMB50 billion in consumption. CapEx investment in AI and cloud infrastructure reached RMB38.6 billion in Q1 2026.
- QuickCommerce monthly active consumers (MAC) reached 300 million in August, representing 200% growth compared to before April. The peak daily order volume reached 120 million and weekly average daily orders reached 80 million in August.
- GAAP net income increased 76%. Free cash flow was an outflow of RMB18.8 billion, primarily due to increased CapEx for AI plus cloud infrastructure and investment in Taobao instant commerce. The company bought back approximately 7 million ADSs for a total of US$815 million.
- Alibaba Group Holding Limited filed a 6-K on August 22, 2025, detailing movements in its issued and treasury shares.
- The company repurchased and cancelled 4,822,272 shares on August 14, 2025, at an average price of USD 14.78.
- Additionally, Alibaba repurchased shares on the New York Stock Exchange, including 26,128 shares on August 19, 2025, at USD 15; 668,800 shares on August 20, 2025, at prices between USD 14.84 and USD 15; and 673,600 shares on August 21, 2025, at prices between USD 14.71 and USD 14.9.
- As of August 21, 2025, the cumulative number of shares repurchased under the current mandate reached 356,321,872, representing 1.9% of issued shares as of the mandate date of August 22, 2024.
- Alibaba Group Holding Limited filed a 6-K on August 15, 2025, reporting recent share repurchases on the New York Stock Exchange.
- Between August 8, 2025, and August 12, 2025, the company repurchased a total of 1,163,616 ordinary shares for cancellation, with volume-weighted average prices ranging from USD 14.85 to USD 14.92.
- As of August 12, 2025, Alibaba has repurchased 354,953,344 shares under the mandate approved on August 22, 2024, which authorized the repurchase of up to 1,874,327,393 shares. This represents 1.89% of the issued shares as of the mandate date.
- Alibaba Group Holding Limited filed a 6-K on August 8, 2025, reporting daily share repurchases on the New York Stock Exchange from July 30, 2025, to August 7, 2025.
- During this period, the company repurchased a total of 3,658,656 shares at prices ranging from USD 14.62 to USD 14.99.
- As of August 7, 2025, the cumulative shares repurchased under the current mandate totaled 353,789,728, which is 1.89% of the issued shares as of the mandate's start date of August 22, 2024.
- Alibaba Group Holding Limited's total issued shares decreased by 9,722,085 ordinary shares to 19,078,703,484 during July 2025, primarily due to share repurchases.
- The company repurchased and cancelled 11,408,496 ordinary shares in July 2025 at prices of $13.64 and $14.47.
- This decrease was partially offset by the issuance of 1,686,411 new ordinary shares from restricted share units granted under its 2014 Post-IPO and 2024 Equity Incentive Plans.
- A $200,000 conversion of Convertible Senior Notes was settled in cash, resulting in no new share issuance from this conversion.
- Alibaba Group Holding Limited filed a 6-K on August 1, 2025, providing updates on share movements.
- On July 31, 2025, the company cancelled 4,087,504 shares that were repurchased on the New York Stock Exchange between July 14 and July 29, 2025.
- This cancellation reduced the total number of issued shares from 19,082,790,988 to 19,078,703,484 as of July 31, 2025.
- Alibaba continued its share repurchase program, buying 675,200 shares on July 30, 2025, for USD 9,973,691.48, and an additional 343,464 shares on July 31, 2025, with these shares pending cancellation as of August 1, 2025.
- As of July 30, 2025, the total number of shares repurchased under the current mandate amounted to 350,806,272 shares.
- Alibaba Group Holding Limited reported daily changes in its issued shares and treasury shares, primarily driven by share repurchases on the New York Stock Exchange for cancellation.
- On July 15, 2025, the company cancelled 7,320,992 shares that were repurchased between June 27 and July 11, 2025, at an average price of USD 13.64.
- From July 11 to July 17, 2025, Alibaba repurchased a total of 3,552,976 shares for cancellation on the NYSE, with daily aggregate costs ranging from approximately USD 9.97 million to USD 9.99 million.
- The company also issued 1,686,051 new shares on July 16, 2025, under its 2014 Post-IPO and 2024 Equity Incentive Plans.
- These repurchases are conducted under a mandate from August 22, 2024, which authorizes the repurchase of up to 1,874,327,393 shares.
- Alibaba-backed generative AI startup MiniMax has confidentially filed for an initial public offering (IPO) in Hong Kong, with an estimated valuation of $3 billion to $4 billion.
- This IPO is part of a broader surge in tech listings on the Hong Kong Stock Exchange, facilitated by regulatory reforms such as the new Technology Enterprises Channel that lowers listing barriers for pre-revenue firms.
- Alibaba's $53 billion three-year commitment to AI and cloud infrastructure provides significant financial and technical support to MiniMax, which leverages Alibaba Cloud's global GPU networks.
- MiniMax plans to launch text-to-video tools by Q3 2025, targeting the $12 billion AI content creation market.