About Alibaba

In order to achieve our mission of 'making there is no difficult business in the world', we aim to help enterprises change the way they market, sell and operate, and improve their efficiency. We provide businesses, brands and other enterprises with technical infrastructure and marketing platforms to help them interact with users and customers and operate more efficiently with the power of new technologies. Our businesses include core business, cloud computing, digital media and entertainment, and innovation. In addition, our non-financial related party Ant Group provides payment and financial services to consumers and merchants on our platform. Around our platform and business, a digital economy has been established that includes consumers, merchants, brands, retailers, third-party service providers, strategic partners and other enterprises. During the 12-month period ended March 31, 2020, Alibaba Digital economy generated GMV of RMB 7.053 trillion (US $1 trillion), mainly consisting of RMB 6.589 trillion (US $945 billion) of GMV traded through our Chinese retail market and GMV traded through our international retail market and local living services. The annual GMV dollar amount for fiscal year 2020 represents the sum of GMV dollar amounts for the quarters ended June 30, September 30 and December 31, 2019 and March 31, 2020, which are converted from RMB based on the daily average exchange rate for each relevant quarter.