The giant screen shows sales on Alibaba's e-commerce platform hitting 498.2 billion yuan (about 74.10 billion U.S. dollars) in gross merchandise volume (GMV) during the annual Singles' Day online shopping spree at Hangzhou Future Sci-Tech City in Hangzhou, east China's Zhejiang Province, on Nov. 12, 2020. (Xinhua/Huang Zongzhi)
BEIJING, July 28 (Xinhua) -- Chinese e-commerce giant Alibaba said on Tuesday that its revenue surged about 40 percent year on year to 717.289 billion yuan in its 2021 fiscal year ended on March 31.
The company's net profit attributable to ordinary shareholders for the 2021 fiscal year inched up less than 1 percent year on year to 150.578 billion yuan.
In the 2021 fiscal year, about 66 percent of Alibaba's total revenue comes from China's retail business.
Among them, the company saw its live broadcast business grow significantly, as the gross merchandise volume (GMV) of its online marketplace surged more than 90 percent year on year to over 500 billion yuan.
According to the company, there were 1.13 billion annual active consumers in its global retail marketplaces during the period. (Edited by Yang Yifan with Xinhua Silk Road, firstname.lastname@example.org)