Despite Increase, Alibaba Ecosystem Active Consumers Reach 1.18 Billion
- Alibaba’s revenues for Q2 reached ¥180.24bn (£20bn)
- A 34% increase from the previous year
- Analysts forecasted ¥184bn (£20.4bn)
Alibaba reported revenues of ¥180.24bn (£20bn) for the three months to June 30, marking a 34% increase from the previous year; however, this fell short of analysts’ expectations of ¥184bn (£20.4bn). Despite this, the retailer said its annual active consumers of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the year ended June 30, 2021, an increase of 45 million.
Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about Alibaba’s revenue for the three months to June 30, including a comparison with previous year’s figures and analysts’ forecasts.
Noise Level: 5
Noise Justification: The article provides basic financial information but lacks in-depth analysis or context about Alibaba’s performance and market trends.
Financial Relevance: Yes
Financial Markets Impacted: Alibaba’s stock price and other e-commerce companies in the market
Financial Rating Justification: The article discusses Alibaba’s financial performance, which is a major company with significant impact on financial markets, particularly in the e-commerce sector. The revenue figures are relevant to investors and can affect the company’s stock price as well as other companies in the same industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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