Looking back on Alis history, Zhang Yong said that Alibaba is growing from an e-commerce company to a digital economy spanning business, logistics, finance, cloud computing, entertainment and other fields, but its mission and original intention remain unchanged, and that it has always been a business that makes the world easy to do. Alibaba will soon usher in Tenth Tmall double 11 global shopping Carnival. After ten years, Tmall double 11 has now become a commercial and cultural phenomenon affecting the world.
In an open letter, Zhang Yong said that Alibaba Groups business has maintained rapid growth over the past year, setting a new record. Ali core business GMV reached $760 billion, and group revenue grew by 58% over the same period last year, the highest growth rate since IPO. Among them, Tianmao further expanded the B2C market leader position, physical GMV compared with the same period last year increased by 45%. The total revenue of international commercial retail business including Lazada and speed sell business increased by 94% year-on-year. Ali cloud computing revenue grew 101% over the same period. Great breakthroughs have also been made in the field of entertainment, with over 180 million broadcasters used to watch the World Cup in Youku in the summer of 2018. The new retail landscape has been further consolidated by the acquisition of hungry companies over the past year by taking a stake in Gaoxin Retail and Surprisingly Home, and subsequently merging them with Word of mouth as a local life service company, which has brought more business power into the Alibaba digital economy.
Zhang Yong also said that while serving more than 600 million consumers, Alibaba Group is also forming an infrastructure to help enterprises complete the digital transformation. The diversified business scenarios and data assets in the Alibaba economy, combined with cloud computing, form the unique Alibaba Business Operating System in the digital economy era. Each business sector generates data and consumes data to form an organic cycle.
Zhang Yong said that Alibaba has been innovating and creating the layout of the future, the ultimate goal is not to sell from China to the world, but from the world to the world, the birth of a truly global platform. Alibaba is also making full arrangements and preparations for the coming Internet of Things era, constantly bringing profound changes to business processes and lifestyles.
Zhang Yongs letter to shareholders is as follows:
Its a great pleasure to share with you the latest growth of Alibaba over the past year and our thoughts and actions for the future.
Not long ago, Alibaba celebrated its 19th birthday and will soon usher in the 10th Tianmao Double 11 Global Shopping Carnival. Since the founding of the 1999, our mission of let the world have no difficulty in doing business has never changed. Today, this mission has entered a new era of digital age. Alibaba Group has also grown from an e-commerce company into a unique and innovative digital economy across business, logistics, entertainment, cloud computing, finance and other fields.
Over the past year, Alis businesses have maintained rapid growth and set a new record. In the financial year ended March 31, 2018, Alis core e-commerce GMV reached $760 billion, with group revenue rising 58% year-on-year, the fastest growth since the IPO. In March 2018, the mobile monthly active users of Chinas retail platform increased by 110 million over a year ago. In the latest quarter to March 2018, the annual number of active consumers also recorded the highest quarterly increase since the IPO.
In the field of culture and entertainment, we have achieved good results. This summer, Youku, our online video platform, broadcasted all 64 World Cup matches for Chinese audiences, redefining the Internet viewing experience for major international events. Youku has seen more than 180 million players playing the world cup.
Two years ago, we put forward a new retail data store operation mode integrating online and offline. Over the past year, more commercial power has been integrated into Alibabas digital economy by taking stakes in Gaoxin retail (big supermarket) and Quite Home (home store), acquiring hungry (take-out platform).
As the flagship of new retail, Tianmao and Taobao have become the main positions for digital upgrades of global brands and partners, and have helped more than 200,000 offline stores with about 1200 brand customers upgrade to digital smart stores. By the end of this year, the entity stores of Darun Fat Supermarket under Gaoxin Retail will be fully upgraded digitally, not only serving customers, but also expanding the scope of service to the surrounding three kilometers. In May 2018, after Alibaba completed its acquisition, we strengthened our on-demand instant distribution network and recently completed the integration of famine and word-of-mouth in two major local businesses, setting up a leading local life services company.
In the Alibaba economy, millions of businesses work together to serve more than 600 million consumers. Alis economy, while providing consumers with a better life, is also forming an infrastructure to help companies complete the digital transformation. The Internet and digital technology not only open up a new online sales channel for enterprises, but also profoundly promote the transformation of marketing methods, consumer operation mode, supply chain, commodity design planning and commodity production mode. The foundation of this change is the global access to business data and consumer data. The diversified business scenarios and data assets in the Alibaba economy, combined with the fruitful cloud computing, have formed the unique Alibaba Business Operating System in the digital economy era. Looking ahead, Alibaba will help its corporate customers accomplish the digital transformation through cloud infrastructure such as retail cloud, marketing cloud, financial cloud and logistics cloud.
Globalization is still a long-term strategy for Alibaba. Alibabas previous goal of global buying, global selling, global shipping, global travel, global payment is in progress. Ultimately, our goal is not just to sell from China to the world, but from the world to the world, thus creating a truly global platform.
Ali is also making full arrangements and preparations for the upcoming Internet of things era. In an age of interconnection, how to make the diverse terminals of families, communities, offices, business facilities, and even cities smart, and interact with cloud infrastructure, will certainly bring about profound changes in business processes and lifestyles.
Alibaba has been designing the future in innovation and creation. In 2014, when we went public, we shared with you the financial year 2020 goal of $1 trillion for GMV, and we are confident that it will be achieved in the near future. By 2036, we hope to achieve a more ambitious long-term vision of serving 2 billion consumers around the world, helping 10 million small and medium-sized enterprises make profits on our platform and creating 100 million jobs. Finally, thank you once again for the trust and support of every shareholder, customer, consumer and our staff over the past year and beyond. We firmly believe that facing the future, constantly innovating, constantly creating new customer value, is always our driving force forward. In the era of digital economy, let the world have no difficulty in doing business. This is our mission in the new era. Chief Executive Officer of Zhang Yong Alibaba Group
Alibaba has been designing the future in innovation and creation. In 2014, when we went public, we shared with you the financial year 2020 goal of $1 trillion for GMV, and we are confident that it will be achieved in the near future. By 2036, we hope to achieve a more ambitious long-term vision of serving 2 billion consumers around the world, helping 10 million small and medium-sized enterprises make profits on our platform and creating 100 million jobs.
Finally, thank you once again for the trust and support of every shareholder, customer, consumer and our staff over the past year and beyond. We firmly believe that facing the future, constantly innovating, constantly creating new customer value, is always our driving force forward. In the era of digital economy, let the world have no difficulty in doing business. This is our mission in the new era.