The Chinese multinational technology company is running a little down in the market recently, especially in the foreign market. As its stock price has shrunk in the Ney York Stock Exchange.
Alibaba Net Worth
Alibaba Group Holding Limited is the world’s 17th most valuable company by market capitalization. Alibaba’s Cloud share recently reached a market share of 9.5%. It has a net worth of 394.35 billion US dollars. It operates in diverse business sectors from e-commerce to cloud computing and electronic payment. The companies own subsidiaries such as Alibaba.com, AliExpress, AliOS, Alipay, AliGenie, Taobao, Tmall, Lazada, 1688.com and Daraz. The group has total equity of 164.071 billion US dollars as of September 2021.
Alibaba Monthly Turnover
The company’s quarterly revenue for June of 2021 stood at 31.865 billion US dollars with an increase of 46042% year-over-year. Making BABA earn a gross profit of about 12.645 billion US dollars by the end of June 2021. While operating income decreased by 2.73%. Alibaba earned a net income of 6.991 billion US dollars with an increase of 3.79%.
Alibaba Annual Turnover
Alibaba Holdings has employed a workforce of around 251,462 personnel. It has acquired Youku Tudou Inc., China Vision Media, South China Morning Post, Intime Department Store, and Sun Art Retail Group Ltd in recent years. The company has generated a net income of 23.196 billion US dollars. From the annual turnover of 119.583 billion US dollars at the end of the third quarter of 2021. The group has 257.978 billion US dollars as total assets in its financial report.