Alibaba's business is generally composed of: business + cloud computing + media entertainment + innovation and others, among which business is further divided into several businesses, which are explained in detail as follows:

1. Chinese retailers - customer management: that is, the revenue brought by Taobao, Tmall, Taote and other e-commerce, which includes advertising revenue and commission revenue if subdivided.

2. Chinese retailers - others: direct sales business (formerly called new retail business), in layman's terms, is a business with offline attributes, mainly including the acquired shopping mall business of Gao Xin Retail and Intime, as well as online and offline combined businesses such as Hema and Tmall Supermarket.

3. Chinese wholesale business: You can probably tell from the name, yes, it is the wholesale business of 1688.com.

4. Cross-border and global retail business: mainly international business, such as Lazada, AliExpress, etc.

5. Cross-border and global wholesale business: that is, the authentic Alibaba, B2B business.

6. Cainiao logistics services: This is self-explanatory.

7. Local life services: Mainly Ele.me.

8. Cloud computing: Alibaba Cloud, which recently included DingTalk.

9. Digital media and entertainment: Youku, UC, Alibaba Pictures, games and other businesses.

10. Innovative businesses and others: AutoNavi, which previously also included DingTalk.