On July 26, after the release of Alibaba Group's fiscal year 2022 report, Alibaba's official wechat public account published a letter to shareholders from Chairman of the Board and CEO Daniel Zhang.
In the letter, Zhang said that at the beginning of 2022, Alibaba further clarified its three major strategies -- consumption, cloud computing and globalization -- as the direction and guidance for the future. In fiscal 2022, Alibaba achieved its target of more than 1 billion domestic annual purchasing users in its consumer business, marking a milestone in its development.
Zhang mentioned that in fiscal 2022, more than 124 million consumers spent more than 10,000 yuan annually on Taobao's Tmall, and the New Year's active rate of these consumers was as high as 98%. In this fiscal year, 20% of Tao's more than 300 million annual active consumers have never shopped on Taobao's Tmall. More than 50 percent of Tao's annual active consumers buy fresh food on the platform for the first time.
In fiscal 2022, Alibaba Cloud's computing business continued to maintain its leading position in the Chinese market and achieved its first full-year profit in its 13-year history, Zhang said. In cloud computing, Alibaba now offers cloud computing services in 27 regions around the world. Alibaba owns brands in several consumer businesses in some regions and countries around the world, including AliExpress, Lazada, Trendyol and Daraz. Alibaba's overseas marketplaces already have more than 300 million annual purchasers. (Liu Town)