Alibaba Group Holding Ltd (NYSE:BABA) shares tumbled on the release of financial figures for the quarter ending September 30.
Revenue was RMB 155,059 million ($22,838 million U.S.), an increase of 30% year-over-year.
Annual active consumers on our China retail marketplaces reached 757 million, an increase of 15 million from the 12 months period ended June 30, 2020.
Diluted earnings per ADS was RMB10.48 ($1.54 U.S.) and non-GAAP diluted earnings per ADS was RMB17.97 ($2.65 U.S.), an increase of 37% year-over-year. Diluted earnings per share was RMB1.31 ($0.19 U.S. or HK$1.49) and non-GAAP diluted earnings per share was RMB2.25 ($0.33 U.S. or HK$2.56), an increase of 37% year-over-year.
Net cash provided by operating activities was RMB54,296 million ($7,997 million U.S.) and non-GAAP free cash flow was RMB40,540 million ($5,971 million U.S.).
Said CEO Daniel Zhang "Alibaba had another strong quarter. We continued to help businesses recover and find new opportunities for growth through digitalization in the post-pandemic landscape. The solid performance of our core commerce and robust growth of Alibaba Cloud are the direct results of our commitment to value creation for customers.
"We remain focused on our three long-term growth engines – domestic consumption, cloud computing and data intelligence, and globalization – to effectively capture opportunities from the ongoing changes in consumer demand and acceleration of digitalization of businesses across our digital economy."
BABA shares began Thursday slumped $10.93, or 3.7%, to $284.78.
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