Alibaba’s most profitable department: In addition to e-commerce, this business earns 330 million per day, which is comparable to mobile

Jack Ma’s most profitable business: In addition to e-commerce, this business earns 330 million per day, comparable to China Mobile

Double 11 is coming soon, have you added anything to your shopping cart? How about full? As the protagonist of Double 11, Alibaba, which owns Tmall and Taobao, announced its 2018 third quarter financial report at this time. Data shows that in the third quarter, Alibaba’s overall revenue exceeded 85 billion yuan. Among them, e-commerce business is still a pillar industry, accounting for 72.4 billion yuan, and cloud computing services contributed nearly 5.7 billion yuan.

It is worth mentioning that according to Alibaba’s quarterly financial reports, its revenue growth has been ahead of giants such as Amazon and Apple for five consecutive quarters. It is also in the leading position among the domestic BAT lineup. Next, let us take a closer look at how Alibaba achieves such revenue growth.

Alibaba’s e-commerce business had a profit of 29.8 billion yuan in the third quarter, which is nearly 330 million yuan a day. Whether among domestic or foreign technology companies, this profit margin is far ahead. Everyone in China knows that China Mobile is very profitable, so how much money can it make in a day?

According to data released by China Mobile, its receivables reached 567.7 billion yuan in the first nine months, with profits of 95 billion yuan, which is nearly 350 million yuan a day! Alibaba’s rate of making money can really be said to be comparable to that of China Mobile! Judging from the industries in which the two are located, Alibaba's e-commerce profits appear to be more valuable. After all, they are surrounded by competitors, and China Mobile is the only one in the country.

From the current point of view, although other businesses are also continuing to develop, electricity is still Alibaba’s core business. In the third quarter, Alibaba’s monthly active users reached 666 million, and throughout these quarters, Alibaba’s monthly active users have maintained a growth rate of around 20. Although for Internet companies, the potential of e-commerce has yet to be explored, it will eventually develop to the point of being hollowed out like the social sector.

In this financial report, in addition to e-commerce business, cloud computing revenue is also very eye-catching. Annual revenue was nearly 5.7 billion yuan, an increase of nearly 91%. At the same time, the cloud computing business is also the fastest growing under Alibaba. The total revenue in the first nine months was 14.75 billion yuan, an increase of nearly 95%. Behind this report card is the silent dedication and unremitting efforts of the cloud computing team.

Although many people were not optimistic about this business at the beginning, they successfully passed the test in 2013. At the same time, Alibaba has also become the first company in China with complete cloud computing capabilities. In 2015, the cloud computing business set a new world record and shortened the calculation time by nearly 9 minutes. After years of development, Alibaba Cloud currently occupies nearly half of the domestic market share, and is only behind Amazon and Microsoft internationally.

In July 2018, Alibaba ranked 300th in the globally synchronized Fortune 500 ranking, with annual revenue exceeding 250 billion yuan! As of now, Alibaba's market capitalization is US$392.2 billion, making it one of the ten companies with the highest market capitalization in the world.

After reading Alibaba’s third quarter revenue, what do you think? At present, it seems that Alibaba's most profitable business is its e-commerce business, but cloud computing has huge room for growth and sufficient stamina, and will become a powerful tool for its revenue in the future. In the future, even if e-commerce is hollowed out by Alibaba, it will be able to expand in various fields without restrictions. Having said all that, what other cloud computing companies do you know? Welcome to share and discuss in the message area. I will be with you in the transformation of wealth and the development of science and technology!