Ali Shares Seem To Have Returned To IPO'S Starting Point.

In August 12th, Alibaba announced the first quarter earnings as of June 30th.

Group revenue, which mainly relies on advertising, commission and service charges, was 20 billion 245 million yuan in the current quarter, an increase of 28% over the same period, the slowest quarterly growth in three years, and failed to achieve the expected growth of 38%.

Alibaba also announced a $4 billion stock repurchase program for employee motivation, but after opening, the company's stock fell to a record low of around 71.5 U.S. dollars, compared with the 11 peak month in 2014, the highest historical value has dropped by nearly 35%, compared with the issue price at IPO last year.

For some important emerging businesses, there were also statements after the disclosure of the earnings report:

For example, in the field of O2O, the "word of mouth" which has fallen heavily in gold is expected to generate 300 billion yuan in 2015, but two is not earned.

For example, the Tmall international, which has opened up for more than a year and has won the Amazon, announced in August 12th that it had taken the exclusive strategic cooperation of Messi, the leading department store in the US (Macy's), to help the old department store with 150 years of history to open a store on Tmall.

Ultimately, we need to solve the slowdown in core business.

In the 6 month of this year, Ali warned analysts that the ban on the sale of online lotteries, small and micro business loans to the ant gold service platform and the reduction of Juhuasuan platform fees will have an impact on revenue.

According to the group CFO, Mr Wu Wei, at the analysts' conference call, if the impact is eliminated, the company's revenue should grow by about 36% over the same quarter.

Including Taobao, Tmall,

The "Chinese retail platform", the main body of the money making business, reached 673 billion yuan in the current quarter, up 34% from the same period last year, the lowest growth rate in three years.

Similar to Amazon's current quarter, Ali's cloud business grew 106% over the same period, which was 82% in the previous quarter.

But compared to the main business of the electricity supplier, Ali cloud currently only a quarter 4.85 yuan, the base is small, no profit burden is also the main reason for its rapid rise.

At present,

It has 2000 partners worldwide and has recently won strategic support of 60 billion yuan.

In related businesses, Alibaba's quarterly earnings report appeared "two in one out" situation: the previously acquired UCWeb and Gao de map business were consolidated financial statements, and Ali pictures, which completed a new round of financing, were stripped out of the statements, and the 24 billion 734 million yuan brought about by equity appreciation was counted as income.

These movements earned Ali $9 billion 548 million in the season.

It also pushed the group's net profit up 148% over the same period last year, reaching 30 billion 816 million yuan.