Angelo Vertti, 18 de setembro de 2022

Income from operations in fiscal year 2023 was RMB100,351 million (US$14,612 million), or 12% of revenue, an increase of 44% compared to RMB69,638 million, or 8% of revenue, in fiscal year 2022. Amortization and impairment of intangible assets Amortization and impairment of intangible assets in fiscal year 2023 was RMB13,504 million (US$1,967 million), an increase of 16% from RMB11,647 million in fiscal year 2022, primarily due to impairment losses of intangible assets recorded in fiscal year 2023. Sales and marketing expenses Sales and marketing expenses in fiscal year 2023 were RMB103,496 million (US$15,070 million), or 12% of revenue, compared to RMB119,799 million, or 14% of revenue, in fiscal year 2022. These are Women's Fashion, Men's Fashion, Shoes and Bags, Accessories and Watches, Children's Products, Supermarket, cosmetisc, Electronics, Home, Books and Hobby and Life, Sports and Outdoor, and Electronics. Revenue from Innovation initiatives and others was RMB563 million (US$82 million) in the quarter ended March 31, 2023, an increase of 47% compared to RMB384 million in the same quarter of 2022. Revenue for the quarter ended March 31, 2023 was RMB208,200 million (US$30,316 million), an increase of 2% compared to RMB204,052 million in the same quarter of 2022. THE RESTRUCTURING Our Cloud segment revenue is becoming more diversified with revenue contribution from non-Internet industries steadily increasing. Entdecke unsere eigenen Kreationen der Trendyol Collection mit lssigen Jeansstyles, glamourser Abendmode . For existing products, we reduced the prices of some of our core utility products, including computing, storage, networking and security products, by up to 50%. Total revenue generated by Cainiao, before inter-segment elimination, which includes revenue from services provided to other Alibaba businesses, was RMB18,915 million (US$2,754 million), an increase of 15% compared to RMB16,451 million in the same quarter of 2022. Costs and Expenses Customers are allowed to return the products. (2) As a result, in the March quarter, Choices daily orders ramped up rapidly and contributed to double-digit order growth for AliExpress during the quarter. The site may also use cookies from third parties. Local Services Group (including Amap, Ele.me and other businesses) The year-over-year decrease in revenue of our Cloud segment reflected delays in delivery of hybrid cloud projects given the COVID-19 resurgence in January, normalization of CDN demand compared to the same period last year, as well as the impact from a top customer phasing out using our overseas cloud services for its international business due to non-product related reasons. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Compliance and Risk Committee This committee will review and decide important matters relating to Alibaba Groups activities as a holding company, including capital market transactions, shareholder return initiatives, subsidiary equity incentive plans, fundraisings, initial public offerings and spin-offs. Turkeys No. A majority of the compliance and risk committee members are independent directors. We have been committed to promoting decarbonization across our platform ecosystem. The above-mentioned gains and losses were excluded from our non-GAAP net income. [7]1.4 million individual sellers are currently active on Dolap. Net cash used in investing activities This article first appeared inMENAbytes. zmir Trendyol Express - Sorting Center & First Mile Operations - 2 Full-time On-site. 5. By continuing to use this site you are consenting to these choices. It marks SoftBanks first investment in the country. Net cash provided by operating activities and free cash flow Required fields are marked *. Income from operations and operating margin Cloud Mit unserer groen Auswahl an Kleidung, Schuhen und Accessoires bieten wir angesagte Outfits fr jeden Stil, jeden Anlass und jedes Budget. We expect that our share-based compensation expense will continue to be affected by changes in the fair value of the underlying awards and the quantity of awards we grant in the future. Get the full list, Youre viewing 2 of 3 board members. Trendyol is an e-commerce platform based in Turkey, with its headquarters located in Istanbul. Except for the share of profit of equity method investees, we excluded these investment related net gains or losses from our non-GAAP measures. Promote your product offering to tech buyers. (i) Segment revenue Funding Trendyol Group has raised a total of $1.9B in funding over 5 rounds. Innovation initiatives and others adjusted EBITA in fiscal year 2023 was a loss of RMB6,907 million (US$1,006 million), compared to a loss of RMB7,129 million in fiscal year 2022. By using this site, you consent to the use of cookies. With 86.50% of the companys shares, Alibaba is the largest shareholder of Trendyol, which sold 347 million products in 2020 alone. Mary Armstrong & Emily Japlon In the March quarter, demand for offline ticketing services normalized, resulting in strong growth in businesses such as Damai and Taopiaopiao. Zeming WU, Director (Group Chief Technology Officer) In the month of March, online physical goods GMV growth on Taobao and Tmall, excluding unpaid orders, turned positive, driven by strong growth of fashion & accessories and healthcare categories. 1688.com: 1688.com launched the Warm Spring Recovery campaign to help manufacturers attract new customers and provide marketing, financial and logistics support. site you are consenting to these choices. We are taking concrete steps towards unlocking value from our businesses and are pleased to announce that our board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with intention for it to become an independent publicly listed company. Revenue Cloud adjusted EBITA was RMB1,422 million (US$207 million) in fiscal year 2023, compared to RMB1,146 million in fiscal year 2022. Serving up trend-led denim and stripped back casualwear, Trendyol combines each season's key pieces with timeless appeal. With this new funding, Trendyol becomes Turkeys first Decacorn. Without the effect of share-based compensation expense, cost of revenue as a percentage of revenue would have decreased from 68% in the quarter ended March 31, 2022 to 66% in the quarter ended March 31, 2023. #186 in Shopping 4.0 1 Rating Free Screenshots iPhone iPad Welcome to Trendyol - the fashion destination you need to know. (2) Following the implementation of the new organizational structure as mentioned in "The Restructuring" above, we will also update our segment reporting to reflect the new reporting structure that will be reviewed by our chief operating decision maker. Revenue from our Digital media and entertainment segment in fiscal year 2023 was RMB31,482 million (US$4,584 million), a decrease of 2%, compared to RMB32,272 million in fiscal year 2022. MARCH QUARTER SUMMARY FINANCIAL RESULTS Income tax expenses China Commerce Subject to the transactions, conditions and approvals described above, we target to complete the spin-off in the next 12 months. It was founded in 2015 and is based in Turkey. (ii) Segment adjusted EBITA A reconciliation of diluted earnings per ADS/share to non-GAAP diluted earnings per ADS/share is included at the end of this results announcement. Trudy Shan DAI, Director (Chief Executive Officer, Taobao & Tmall Group) It acquired an undisclosed majority stake in the company at a valuation of USD 728 millionin April 2018. Our articles of association, as currently in effect or may be amended in accordance with its terms from time to time, provide that persons standing for election as directors at a duly constituted general meeting with requisite quorum shall be elected by an ordinary resolution of our shareholders, which requires the affirmative vote of a simple majority of the votes cast on the resolution by . In April, we started testing a new interface for Taobao app that aims at increasing front page exposure for livestreaming, channels for price competitive products and neighborhood shopping categories. (2) arrow_forward. We excluded net gains or losses arising from the changes in fair value and impairment of our investments from our non-GAAP measures. All rights reserved. Direct sales and others revenue under China commerce retail primarily represents our direct sales businesses, comprising mainly Sun Art, Tmall Supermarket, Freshippo, and Alibaba Healths direct sales businesses where revenue and the cost of inventory are recorded on a gross basis. The reduced loss from Trendyol is primarily due to revenue growth and enhanced operating efficiency. Trendyol Vendor Panel Mobile Application will continue to develop with its new features. Alibaba Cloud During the quarter, Trendyol mobilized its resources to provide aid and support for those affected by the major earthquakes that struck Trkiye in February. For the twelve months ended March 31, 2023, 62% of Taocaicais annual active consumers were first-time fresh produce buyers on our various platforms. We intend to structure the spin-off in the most tax-efficient way for our shareholders. As investors in leading e-Commerce businesses around the world and across EMEA in particular, we are thrilled to partner with the talented Trendyol team to achieve the Companys vision in Turkey and across EMEA.. (1) Trendyol Collection Evening & Prom Dress - Green - Shift. The round was co-led by General Atlantic, SoftBank Vision Fund 2, as well as Princeville Capital and sovereign wealth funds, ADQ (UAE) and the Qatar Investment Authority, the company said in a statement. Customer management revenue decreased by 5% year-over-year, primarily due to the mid-single-digit decline of online physical goods GMV generated on Taobao and Tmall, excluding unpaid orders year-over-year. (ii) Segment adjusted EBITA Without the effect of share-based compensation expense, product development expenses as a percentage of revenue would have decreased from 6% in fiscal year 2022 to 5% in fiscal year 2023. Impairment recorded in both years represents the amount by which the carrying value of certain reporting units within Digital media and entertainment segment exceeds their fair value, based on an annual goodwill impairment assessment. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. (i) Segment revenue Cainiao Smart Logistics Network Limited(1) Trendyol Group has acquired Dolap on Mar 1, 2018. Customers are allowed to postpone the arrival time or change the arrival address after ordering the product. 57,99 . [8], Founded with an initial capital of 300 thousand USD, Trendyol received investment from Tiger Global and Kleiner Perkins in 2010-2011 and EBRD in 2014. Jane Fang JIANG, Director (Group Chief People Officer) Revenue in fiscal year 2023 was RMB868,687 million (US$126,491 million), an increase of 2% compared to RMB853,062 million in fiscal year 2022. As of March 31, 2023, we had a total of 235,216 employees, compared to 239,740 as of December 31, 2022. Boyner Grup (traded on Istanbul stock exchnage BST: BOYNR) is a leading non-food and non-electronic retail group in Turkey serving customers with 8 group companies and 500+ stores. For the quarter ended March 31, 2023, year-over-year order growth of "To-Destination" businesses, which included Amap and Fliggy, increased rapidly due to the strong recovery in commuting and travel demand. Learn More. Interest and investment income, net in the quarter ended March 31, 2023 was a gain of RMB10,496 million (US$1,528 million), compared to a loss of RMB36,708 million in the quarter ended March 31, 2022, primarily due to net gains arising from the increases in the market prices of our equity investments in publicly-traded companies, compared to net losses from these investments in the same quarter last year, which is generally consistent with the market trend. To-Home Begum Tekin is a managing partner. Sales and marketing expenses Sales and marketing expenses in the quarter ended March 31, 2023 were RMB24,931 million (US$3,630 million), or 12% of revenue, compared to RMB27,200 million, or 13% of revenue, in the same quarter of 2022. Share of results of equity method investees in the quarter ended March 31, 2023 was RMB446 million (US$65 million), compared to RMB3,282 million in the same quarter of 2022. This represents share-based awards of our subsidiaries. Dont let your products get skipped. Revenue Innovation Initiatives and Others ANKARA, Jan 19 (Reuters) - Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba (9988.HK), plans a dual-listing IPO in New York or London when its income from foreign. China Commerce Retail Business Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter and fiscal year ended March 31, 2023. Digital media and entertainment adjusted EBITA in fiscal year 2023 was a loss of RMB1,874 million (US$273 million), compared to a loss of RMB4,690 million in fiscal year 2022, primarily due to the narrowing of loss from Youku driven by disciplined investment in content and production capability. Prior to this, Trendyol had secured close to $36m in funding. Maggie Wei WU, Director (Director, Alibaba Group) Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. Demet Suzan Mutlu, founder and CEO of Trendyol, said, We founded Trendyol to create a positive impact in the countries we serve. With this new investment, Trendyol increases its valuation to $9.35 billion and becomes the most valuable company in Turkey. Written by .css-15jcovi{-webkit-text-decoration:underline;text-decoration:underline;display:block;}@media screen and (min-width: 48em){.css-15jcovi{display:inline;}}MENAbytes.css-yfgmme{margin-left:5px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}Published on10 Aug 2021.css-1mlvrfn{font-family:Roboto;font-size:16px;line-height:24px;}3 mins read.css-1pzjc6w{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-appearance:none;-moz-appearance:none;-ms-appearance:none;appearance:none;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-transition:all 250ms;transition:all 250ms;-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;position:relative;white-space:nowrap;vertical-align:middle;outline:none;width:auto;line-height:inherit;border-radius:0;font-weight:600;height:32px;min-width:0;font-size:24px;padding-left:1rem;padding-right:1rem;background:none;color:inherit;margin:0;padding:0;margin-left:8px;}.css-1pzjc6w:focus,.css-1pzjc6w[data-focus]{box-shadow:0 0 0 3px rgba(66, 153, 225, 0.6);}.css-1pzjc6w[disabled],.css-1pzjc6w[disabled]:focus,.css-1pzjc6w[disabled]:hover,.css-1pzjc6w[aria-disabled=true],.css-1pzjc6w[aria-disabled=true]:focus,.css-1pzjc6w[aria-disabled=true]:hover,.css-1pzjc6w[data-disabled],.css-1pzjc6w[data-disabled]:focus,.css-1pzjc6w[data-disabled]:hover{opacity:0.4;cursor:not-allowed;box-shadow:none;}.css-1pzjc6w:hover[disabled],.css-1pzjc6w[data-hover][disabled],.css-1pzjc6w:hover[disabled]:focus,.css-1pzjc6w[data-hover][disabled]:focus,.css-1pzjc6w:hover[disabled]:hover,.css-1pzjc6w[data-hover][disabled]:hover,.css-1pzjc6w:hover[aria-disabled=true],.css-1pzjc6w[data-hover][aria-disabled=true],.css-1pzjc6w:hover[aria-disabled=true]:focus,.css-1pzjc6w[data-hover][aria-disabled=true]:focus,.css-1pzjc6w:hover[aria-disabled=true]:hover,.css-1pzjc6w[data-hover][aria-disabled=true]:hover,.css-1pzjc6w:hover[data-disabled],.css-1pzjc6w[data-hover][data-disabled],.css-1pzjc6w:hover[data-disabled]:focus,.css-1pzjc6w[data-hover][data-disabled]:focus,.css-1pzjc6w:hover[data-disabled]:hover,.css-1pzjc6w[data-hover][data-disabled]:hover{background:initial;}@media screen and (min-width: 62em){.css-1pzjc6w{font-size:18px;height:24px;}}. The decrease in loss year-over-year was primarily due to the reduced losses from Trendyol and Lazada. Eddie Yongming WU, Chairman (Partner, Alibaba Partnership) The platform provides logistics, payment, curation, and consignment services. Adjusted EBITDA and Adjusted EBITA The increase in revenue from Lazada is driven by the continuous improvement in monetization rate by offering more value-added services and the robust year-over-year order growth. Trendyol is included in 1 Expert Collection, including E-Commerce. A reconciliation of net income to non-GAAP net income is included at the end of this results announcement. The latest Alibaba transaction reportedly valued the company at USD 9.4 billion. In connection with the spin-off, Cloud Intelligence Group intends to become an independent publicly listed company. Impairment of goodwill Impairment of goodwill in fiscal year 2023 was RMB2,714 million (US$395 million), a decrease of 89% or RMB22,427 million from RMB25,141 million in fiscal year 2022. Others mainly include basis differences arising from equity method investees, share-based compensation expense related to share-based awards granted to employees of our equity method investees, as well as gain or loss arising from the dilution of our investments in equity method investees. Adjusted EBITDA increased 37% year-over-year to RMB32,123 million (US$4,677 million) in the quarter ended March 31, 2023, compared to RMB23,373 million in the same quarter of 2022. Total revenue generated by Cainiao, before inter-segment elimination, which includes revenue from services provided to other Alibaba businesses, was RMB77,512 million (US$11,287 million), an increase of 16% compared to RMB66,808 million in fiscal year 2022. Share-based compensation expense related to Ant Group share-based awards was a net reversal in fiscal year 2022 because we recognized a decrease in the value of such awards. In the quarter ended March 31, 2023, revenue from our Cloud segment, after inter-segment elimination, was RMB18,582 million (US$2,706 million), a decline of 2% year-over-year. Fan JIANG, Director and Chief Executive Officer China Commerce Adjusted EBITA and adjusted EBITA margin by segments as well as a reconciliation of income from operations to adjusted EBITA are set forth in March Quarter Information by Segments above. CBI websites generally use certain cookies to enable better interactions with our sites and services. Freshippo continued to strengthen its merchandising capabilities and improve its operating efficiency that resulted in positive operating results that resulted in positive operating results. Message : During the quarter, AliExpress launched Choice, a new service to global consumers. Winnie Jia WEN, Director (President, Group Public Affairs) Trendyol Trendyol Overview Update this profile Founded 2010 Status Acquired/ Merged Employees 4,000 Latest Deal Type PE Growth Financing Rounds 7 Investments 1 General Information Description Operator of an online shopping platform intended to cater to global consumers. Taobao Deals, our value-for-money platform, continues to enrich product supply and enhance digital consumption experience for price sensitive consumers. In particular, Trendyol will continue its investment in nationwide infrastructure, technology, and logistics, accelerating the digitalization of Turkish SMEs. Lin WAN, Director and Chief Executive Officer FULL FISCAL YEAR OTHER FINANCIAL RESULTS Judy Wenhong TONG, Director (Partner, Alibaba Partnership) Woohoobox is an online shopping site that provides apparel, accessories, gifts, and customized products It is based in Istanbul, Turkey. Each of the six major business groups is independently managed by its own chief executive officer and board of directors (or equivalent governing body).

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