According to the financial report data released by Alibaba Group, Alibaba's annual profit is on a growing trend. As of 2020, Alibaba Group's annual net profit was RMB 22.112 billion, an increase of 19.25% from RMB 18.543 billion in the previous year. In the past few years, Alibaba's profitability has maintained a good growth trend, which is mainly due to its diversified business layout, constantly innovative business model and strong technical strength. It can be foreseen that as Alibaba continues to expand its business scope and enhance its market competitiveness, its annual profit will continue to grow.