BEIJING, May 13 (TMTPOST)— Alibaba’s American depository shares slumped as much as 7% and closed 6.3% lower on Thursday, after the Chinese e-commerce giant posted quarterly operating loss since it became a listed company in October, 2014.
In the fourth quarter of the fiscal year 2021 ended in March, Alibaba recorded the revenue of RMB187.4 billion (US$28.6 billion), beating analysts’ estimate of RMB180.4 billion, but the adjusted earnings of share (EPS) was RMB10.32 (US$1.58), missing the estimate of RMB11.12. The revenue and EPS jumped 64% and 12% respectively in local currency from a year ago.
That quarter witnessed an operating loss of RMB7.663 billion (US1.17 billion), in which Alibaba said mainly resulted from the regulatory fine for antitrust violation in China. Excluding the fine, the company had a profit of RMB10.565 billion (US$1.62 billion), up 48% year-over-year.
During the fiscal year, Alibaba served an annual worldwide active consumer of 1 billion and the active consumers in China were 811 million, with net addition of 85 million and 32 million from a year ago. About 70% of active consumers added in the year came from undeveloped areas.