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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 .
| 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?
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 Holding Limited filed a 6-K on June 27, 2025, detailing daily share repurchase activities on the New York Stock Exchange.
- From June 20, 2025, to June 26, 2025, the company repurchased a total of 3,499,200 ordinary shares for cancellation, with an aggregate price paid of approximately USD 49.94 million.
- As of June 26, 2025, Alibaba had repurchased 338,722,576 shares under the repurchase mandate granted on August 22, 2024, representing 1.81% of its issued shares as of that date. The total number of shares authorized for repurchase under this mandate is 1,874,327,393.
- Alibaba Group has significantly reshaped its leadership structure, reducing its longstanding partnership body from 26 to 17 members and emphasizing a younger core management team.
- Jiang Fan, the 39-year-old head of Alibaba's core e-commerce businesses, has been elevated to the powerful five-member Partnership Committee.
- Key departures from the partnership include former CEO Daniel Zhang Yong and nine executives and company veterans, such as co-founders Trudy Dai Shan and Lucy Peng Lei.
- These leadership changes align with Alibaba's strategic pivot toward artificial intelligence and global expansion, seeking to drive renewed growth.
- Financially, Alibaba reported a 6% revenue increase to 996.4 billion yuan and a 77% jump in net income, underscoring the company's growth momentum amid these organizational changes.
- The report, filed on May 23, 2025, discloses that the total issued shares remain at 19,087,988,380 despite various share events reported between May 16 and May 23, 2025.
- Multiple repurchase transactions on the New York Stock Exchange are detailed, with executed share volumes ranging from 636,800 to 658,400 shares at prices between USD 15.18 and USD 15.93.
- The document also reports the issuance of 8,676,400 new shares for RSU vesting under the 2014 Post-IPO Equity Incentive Plan, reflecting adjustments in the share capital.
- Q4 2025 Performance: Net income surged with EPS growing from 0.16 to 0.65, consolidated revenue reached RMB 236.5 billion (up 7% YoY), and Adjusted EBITDA increased 36% YoY .
- Strategic Share Repurchase: A robust Q4 buyback led to a 5.1% net reduction in outstanding shares with a two-part dividend totaling USD 0.25 per share (aggregate USD 4.6 billion) .
- May 2025 Share Repurchase Activity: Maintained issued share count at 19,086,212,300 shares with NYSE transactions between May 9–16, repurchasing between 600,800–646,400 shares at approximately $15.69–$16.79, under an authorized mandate of 1,874,327,393 shares designated for cancellation .
- Dividend Announcements: The Board approved an annual dividend of USD 1.05 per ADS (up 5% YoY) along with a special dividend of USD 0.95 per ADS, supplemented by additional per share declarations .
- Growth & Innovation: Alibaba Cloud achieved 18% YoY revenue growth while AI-related product revenue maintained triple-digit growth; new monetization initiatives, including a 0.6% software service fee, boosted customer engagement .
- Alibaba Group filed a Form 6-K reporting its unaudited consolidated Q1 2025 and FY2025 results prepared under U.S. GAAP and reviewed by its Audit Committee .
- The results filing highlights the company’s weighted voting rights (WVR) structure, with each American depositary share representing eight ordinary shares trading on the NYSE under the symbol BABA .
- On May 15, 2025, Alibaba filed a Form 6-K providing dividend details for the financial year ended March 31, 2025 .
- The dividend announcement includes two exhibits: an ordinary dividend of USD 0.13125 per share (Exhibit 99.1) and a special dividend of USD 0.11875 per share (Exhibit 99.2) .
- Standard disclaimers state that the Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited do not assume liability for the content .
- Filing Overview: A 6-K filing on May 9, 2025 covers the monthly return for April 2025, detailing movements in authorised share capital, issued shares updates, and RSU vesting .
- Issued Shares Update: New share issuances for RSU vesting updated total issued shares to approximately 19,086,212,300 , alongside a reported net increase of 104,907,144 shares (from 18,998,287,724 to 19,103,194,868) .
- Share Repurchase Activity: Multiple repurchase actions were executed on the NYSE on May 02, 05, 06, 07, and 08, with reported volumes ranging from 622,400 to 645,600 shares and prices between USD 15.69 and USD 16.21 .
- Repurchase Mandate: Approved on 22 August 2024, this mandate authorizes Alibaba to repurchase up to 1,874,327,393 shares (roughly 1.69%-1.7% of its issued shares) .
- Cancelled vs Pending Repurchases: The filing also reports 15,212,264 shares repurchased and cancelled and 16,628,616 shares repurchased for pending cancellation .
- Authorised Capital: Remains unchanged at 32,000,000,000 shares with a par value of USD 0.000003125 and total capital of USD 100,000 .
- The filing on May 2, 2025 includes Next Day Disclosure Returns showing that issued shares remain unchanged at 19,103,194,868 shares as of each disclosure date.
- Multiple repurchase transactions on the New York Stock Exchange are detailed, with trading dates between April 14 and May 2, 2025.
- The reports note repurchase prices ranging from approximately USD 13.43 to USD 15.17 per share, demonstrating active share buyback management.
- Board meeting on May 14, 2025 is scheduled to approve unaudited results for the three months and fiscal year ended March 31, 2025, with results to be announced on May 15, 2025.
- The document is a 6-K filing that includes disclaimers by the Hong Kong Stock Exchange regarding responsibility for the announcement's content.
- It also highlights the company's weighted voting rights structure and details regarding its share classes and American depositary shares trading on the NYSE.
- Alibaba Group Holding Limited filed a Form 6-K on April 25, 2025, including next day disclosure returns from April 22 to April 25, 2025, confirming that the total issued shares remain unchanged at 19,103,194,868 shares.
- The report discloses multiple share repurchase events on the New York Stock Exchange across different dates in April 2025, with detailed trading dates and repurchase prices (e.g., 1,348,000 shares repurchased at approximately USD 14.91 on April 24, 2025).
- The repurchases, intended for cancellation, are part of the company’s ongoing share buyback program to manage its capital structure.
- Filed on April 18, 2025, the Form 6-K report covers multiple next day disclosure returns detailing changes to issued shares between April 11 and April 17, 2025.
- The disclosures include several share repurchase transactions executed on the New York Stock Exchange with specified share volumes and pricing details on dates such as April 14, 15, and 16, 2025.
- The report also notes the issuance of new shares for RSU vesting under the 2014 Post-IPO Equity Incentive Plan, resulting in a slight increase in total issued shares on April 17, 2025.