AlibabaGroupAnnouncesMarchQuarterandFullFiscalYear2020ResultsHangzhou,China,May22,2020–AlibabaGroupHoldingLimited(NYSE:BABAandHKEX:9988,“Alibaba”or“AlibabaGroup”)todayannounceditsfinancialresultsforthequarterandfiscalyearendedMarch31,2020.“AlibabaachievedthehistoricmilestoneofUS$1trillioninGMVacrossourdigitaleconomythisfiscalyear,”saidDanielZhang,ChairmanandChiefExecutiveOfficerofAlibabaGroup.“Ouroverallbusinesscontinuedtoexperiencestronggrowth,withatotalannualactiveconsumerbaseof960millionglobally,despiteconcludingthefiscalyearwithaquarterimpactedbytheeconomiceffectsoftheCOVID-,,webelievewewillemergefromthiscrisisstrongerandbereadytocapturemoregrowthinthefuture.”“DespiteachallengingquarterduetoreducedeconomicactivitiesinlightoftheCOVID-19pandemicinChina,%year-over-putingrevenuegrowth,”saidMaggieWu,ChiefFinancialOfficerofAlibabaGroup.“OuradjustedEBITDAgrew29%year-over-year,,,weexpecttogenerateoverRMB650billioninrevenueinfiscalyear2021.”BUSINESSHIGHLIGHTSInthequarterendedMarch31,2020:RevenuewasRMB114,314million(US$16,144million),anincreaseof22%year-over-,anincreaseof15millionfromthe12-monthperiodendedDecember31,,anincreaseof22millionoverDece
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