Thank you Mr. aviation, a TapTechNews user, for the tip! TapTechNews reported on May 14th that Alibaba released its fourth quarter and full-year financial report for the 2024 fiscal year. The financial report shows that Alibaba's revenue in the fourth quarter was 221.87 billion yuan, a year-on-year increase of 7%, in line with market expectations of 219.8 billion yuan. Net profit attributable to ordinary shareholders was 3.27 billion yuan, a decrease of 96% year-on-year. As of the end of March, Alibaba's revenue for the 2024 fiscal year was 941.17 billion yuan, an 8% increase year-on-year. Net profit attributable to ordinary shareholders was 79.741 billion yuan, a 9% increase year-on-year. Alibaba disclosed in the financial report that as of March 31, 2024, the total number of employees was 204,891, compared to 219,260 as of December 31, 2023. Alibaba announced the distribution of approximately 4 billion U.S. dollars in dividends for the 2024 fiscal year, continued repurchases, and repurchased 524 million shares of common stock in Q4 for 4.8 billion U.S. dollars. In the 2024 fiscal year, it has repurchased 12.5 billion U.S. dollars (approximately 90.5 billion yuan) worth of shares, continuing to enhance shareholder returns. Alibaba stated that it is back on a healthy growth trajectory: Taobao online GMV has achieved double-digit growth, core public cloud product revenue of Aliyun has achieved double-digit growth, AI-related revenue has achieved triple-digit year-on-year growth, and overseas e-commerce revenue has achieved a strong 45% year-on-year growth. This proves that the strategic direction of user first, AI-driven and the focus on core business investment strategy are effective, showing a good development momentum for the future.