Introduction to main business revenue

1. China retail business

Currently, the business with the largest revenue share of Alibaba Group, it achieved operating revenue of 473.7 billion in 2020, accounting for 66% of total revenue, a year-on-year increase of 42%, and a compound growth rate of 39% in the past four years.

(1) Customer management revenue is mainly from Taobao and Tmall, and there are also imported e-commerce platforms Tmall Global and Koala, Turkish e-commerce platform Trendyol and Pakistani e-commerce platform Daraz, etc.

(2) Other revenue comes from new retail and direct sales business, including Tmall Supermarket, Gao Xin Retail (RT-Mart and Auchan), Hema, imported direct sales and Intime, etc.

2. Cloud computing business

Currently, Alibaba's fastest growing business is also the second largest business.

In 2020, the company achieved operating income of 60.1 billion yuan, accounting for 8% of the total revenue (the proportion of revenue increases year by year), a year-on-year increase of 50%, and a compound growth rate of 65% in the past four years. The growth rate slowed down slightly in 2020, after all, the base is growing. In addition to Alibaba's trade business, the business that is most likely to achieve profitability first.

3. Cross-border and global retail business

This business includes Lazada, AliExpress, Trendyol and Daraz. As of March 31, 2020, it served more than 240 million annual active consumers.

In 2020, the company achieved operating income of 34.5 billion yuan, a year-on-year increase of 42%, and a compound growth rate of 34% in the past four years.

4. China's wholesale business

Mainly refers to the revenue of the domestic 1688 platform, of which the revenue mainly includes membership fees, value-added service fees and customer management fees. In 2020, the company achieved operating income of 14.3 billion yuan, a year-on-year increase of 15%, and a compound growth rate of 26% in the past four years.

5. Cross-border and global wholesale business

Mainly refers to the revenue of the alibaba.com platform, of which the revenue mainly includes membership fees, value-added service fees and customer management fees, etc. In 2020, the revenue was 14.4 billion, a year-on-year increase of 50%, and the compound growth rate in the past four years was 30%.

6. Cainiao logistics service

On May 28, 2013, Alibaba, SF Express, and the three major express delivery companies (Shentong, Yuantong, Zhongtong, and Yunda) jointly established "Cainiao Network Technology Co., Ltd." In the company's equity structure, Tmall invested 2.15 billion, accounting for 43% of the shares; Yuantong, SF Express, Shentong, Yunda, and Zhongtong each invested 50 million, accounting for 1% of the shares.

In 2020, the company achieved operating income of 37.3 billion yuan, a year-on-year increase of 68%, and a compound annual growth rate of 76%.

7. Local life services

Local life services include platforms such as Ele.me, Koubei.com and Fliggy. The main income comes from instant delivery services, commissions from the Ele.me platform, and service fees for providing delivery services.

In 2020, the company achieved operating income of 31.5 billion, a year-on-year increase of 24%, with a compound annual growth rate of 32%.