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this article is fromcrashbandicootps4it'sabouttime: Financial Sector AI Telegraph

Alibaba Group released its 2024 fiscal year annual report. The annual report shows that in fiscal year 2024, Alibaba Group's revenue increased by 8% year-on-year to 941.168 billion yuan, and adjusted EBITA increased by 12% year-on-year to 165.028 billion yuan. Among them, Taotian Group's revenue was 434.9 billion yuan; Alibaba International Digital Commerce Group's revenue exceeded 100 billion yuan, a year-on-year increase of 46%, Cainiao Group's revenue increased by 28% year-on-year; Alibaba Cloud's adjusted EBITA increased by 49% year-on-year. Looking to the future, Alibaba said it will continue to invest in two major areas: one is to accelerate the growth of core business, and the other is to maintain leadership in basic technologies and innovation including AI. "Alibaba is always concerned about the future." In its letter to shareholders, Alibaba said,"Over the next 10 years,crashbandicootps4it'sabouttimeWe will regard ourselves as a start-up company, adhere to the original mission of 'making no difficult business in the world', and continue to innovate with an entrepreneurial spirit. We will uphold long-term doctrine, make choices for today and invest for tomorrow."