BABA(BABA) - 2024 Q3 - Quarterly Report

Taobao and Tmall Group adjusted EBITA increased by 1% to RMB59,930 million (US$8,441 million) in the quarter ended December 31, 2023, compared to RMB59,245 million in the same quarter of 2022. The increase was primarily due to narrowing losses in certain businesses, partly offset by an increase in investment in content, user acquisition and retention of Taobao app, as well as technological innovation. (i) Segment revenue (ii) Segment adjusted EBITA Product development expenses – Product development expenses ...