Alibaba Quarterly Financial Results

Cloud Alibaba Cloud Segment Revenue DingTalk Revenue from our Cloud segment, after inter-segment elimination, was RMB17,685 million (US$2,640 million) in the quarter ended June 30, 2022, an increase of 10% compared to RMB16,051 million in the same quarter of 2021. Year-over-year revenue growth of our Cloud segment reflected recovering growth of overall non-Internet industries, driven by financial services, public services, and telecommunication industries; partly offset by decline in revenue from the top Internet customer that has gradually stopped using our overseas cloud services for its international business due to non-product related requirements, online education customers as well as softening demand from other customers in China's Internet industry. Total revenue from our Cloud segment, before inter-segment elimination, which includes revenue from services provided to other Alibaba businesses, was RMB23,938 million (US$3,574 million), an increase of 8% compared to RMB22,186 million in the same quarter of 2021. Segment adjusted EBITA Alibaba Adjusted EBITA of Cloud segment, which comprises Alibaba Cloud and DingTalk, was RMB247 million (US$37 million) in the quarter ended June 30, 2022, compared to RMB340 million in the same quarter of 2021. The year-over-year decrease was primarily due to our investments in technology and increase in colocation and bandwidth costs as a result of increased usage of DingTalk's products and services from enterprises, schools and organizations due to greater hybrid-work adoption driven by COVID-19 resurgence since March 2022 in China. (in RMB Mn, except percentages) Revenue Adj. EBITA Adj. EBITA Margin Three months ended June 30, 2021 2022 YoY % 16,051 17,685 10% 340 247 (27%) 2% 1% 12

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