![]() ![]() Missing from the presentation was any mention of Ant Group, the financial services firm that is 33% owned by Alibaba. ![]() There was also a nod to social welfare, with four of seven investment categories outlined by Xu related to initiatives such as rural revitalization and China's ageing population.ĬEO Daniel Zhang, meanwhile, pledged to slash emissions from Alibaba's supply chains and transportation networks by 50% by the end of the decade. Local consumer services, which includes delivery and mapping services, and Cainiao will also fall within this category. Outgoing CFO Maggie Wu said that Alibaba would include international commerce under Alibaba's larger "Core Commerce" financial segment in earnings, alongside commerce from its domestic facing marketplaces. Lazada generated $21 billion in GMV from September 2020 to the same month in 2021, the presentation showed. Earlier in the two-day investor event, Alibaba said it had set a target of $100 billion in gross merchandise value (GMV) for Lazada, its e-commerce service for Southeast Asia. ![]()
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