Alibaba Group Holding Limited (NYSE: BABA) reported second-quarter FY23 revenue growth of 9% year-on-year to $30.81 billion, beating the consensus of $30.77 billion.
Adjusted earnings per ADS of $2.14 beat the consensus of $2.11.
Segments: Taobao and Tmall Group revenue grew 4% Y/Y to $13.39 billion. Alibaba International Digital Commerce Group revenue increased by 53% Y/Y to $3.36 billion. Local Services Group revenue grew by 16% Y/Y to $2.13 billion.
Cainiao Smart Logistics Network Limited's revenue increased 25% Y/Y to $3.13 billion. Cloud Intelligence Group grew by 2% Y/Y to $3.79 billion. Digital Media and Entertainment Group increased by 11% Y/Y to $792 million. All others remained flat Y/Y at $6.59 billion.
Taobao and Tmall Group: Revenue from China's commerce retail business ...