Alibaba Group: Revitalization of Taobao and Tmall Group, Cloud Intelligence Group’s Improvement & Other Developments

Alibaba Group’s latest report for the December Quarter 2023 reflected steady growth despite necessary organizational adjustments. The call highlighted an overall focus on a more aggressive approach towards competition to win growth, reigniting the growth in their two core businesses: e-commerce and cloud computing. The healthy year-over-year Gross Merchandise Volume (GMV) growth in the e-commerce segment is attributed to the effective execution of user-first and competitive pricing strategies in Taobao and Tmall Group (TTG). TTG’s commitment to providing quality products at attractive prices, excellent service and meeting the various needs of different consumer segments contributes to their healthy figures and gives the company confidence in the future potential.