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Ali 2024 - Part - 23

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25 views

Ali 2024 - Part - 23

Uploaded by

Lieder CL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Business Overview

China Commerce Wholesale The technologies that power Cloud Intelligence Group
grew out of the massive scale and complexity of the
1688.com
needs of our China commerce businesses, which
1688.com, China’s largest integrated domestic require commerce, payments and logistics elements.
wholesale marketplace in the twelve months ended Leveraging our full-stack cloud capabilities and
March 31, 2024 by net revenue, according to Analysys, proprietary products portfolio, Cloud Intelligence
provides sourcing and online transaction services Group offers a comprehensive suite of cloud services
by connecting manufacturers and wholesale sellers based on a three-tiered architecture of infrastructure-
to wholesale buyers in China. These manufacturers, as-a-service (IaaS), platform-as-a-service (PaaS) and
wholesale sellers and wholesale buyers typically model-as-a-service (MaaS) to customers worldwide.
trade office supplies, apparel, accessories, packaging These services not only enable our customers to
materials, home decoration and furnishing materials, build a flexible, scalable, affordable and secure
electronics and computers, among others. Sellers technology infrastructure, but also equip them with
may purchase a China TrustPass membership for an leading data capabilities that efficiently handle
annual subscription fee to list items on 1688.com, complex management, analytics and machine
reach customers, provide quotations and transact learning tasks, thereby generating significant business
on the marketplace without any additional charges. insights and enabling intelligent business decisions
As of March 31, 2024, 1688.com had over 1 million and operations. We leverage these capabilities and
paying members. Paying members may also pay for technologies to support our ecosystem and provide
premium memberships and value-added services, our customers across various verticals with industry-
such as premium data analytics and upgraded specific solutions, including those for commerce,
storefront management tools, as well as customer financial services, and industrial applications. In
management services, such as P4P marketing services addition, as part of our globalization strategy,
from the website and app. In the twelve months ended Cloud Intelligence Group continued to expand our
March 31, 2024, value-added services and customer international cloud computing infrastructure to better
management services together contributed the serve our customers’ needs in overseas markets. As
majority of 1688.com’s total revenue. of March 31, 2024, Cloud Intelligence Group offered
computing services in 35 regions globally.
Cloud Intelligence Group
Alibaba Group is the world’s fourth largest and Asia Leveraging Cloud Intelligence Group’s large scale
Pacific’s largest Infrastructure-as-a-service provider and strong foundation in IaaS and PaaS, our MaaS
by revenue in 2023 in U.S. dollars, according to platform provides enterprises with high-performance
Gartner’s April 2024 report (Source: Gartner®, “Market and low-cost computing resources and machine
Share: Services, Worldwide, 2023”, Neha Sethi et al., learning platform services for large-scale model
12 April 2024, Sorted by Infrastructure-as-a-Service training and inference. Our services not only support
(IaaS), Vendor Revenue Basis) (Asia Pacific refers to our self-developed foundation model, but also
Mature Asia/Pacific, China (Region), Emerging Asia/ support the training and services of other large
Pacific and Japan (Region), and market share refers models and vertical models in the market. Our
to that of Infrastructure-as-a-Service (IaaS)). Alibaba proprietary LLM, Tongyi Qianwen, is in the process
Group is also China’s largest provider of public cloud of integrating into various business applications
services by revenue in 2023, including PaaS and IaaS across Alibaba’s ecosystem to further enhance user
services, according to IDC (Source: IDC Semiannual experience. To enable enterprise customers to reap
Public Cloud Service Tracker, (2023Q4)). China’s the benefits of AI-driven innovation, Cloud Intelligence
cloud computing industry is still at a nascent stage of Group has started offering clients access to Tongyi
development. In 2023, the revenue of China’s public Qianwen on the cloud and enabling them to develop
cloud service market, including IaaS, PaaS and SaaS customized LLMs for their business scenarios.
markets, only accounted for 0.2% of China’s GDP,
which is significantly lower than that of the U.S. and
indicates tremendous room for growth. The industry
has experienced significant growth in recent years
with increasing adoption of both basic infrastructural
services and value-added services by enterprises.

Fiscal Year 2024 Annual Report 29

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