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ALIBABA (CORE (Taobao (47% Revenue, Customer Management, CPP, C2C…
ALIBABA
CORE
Tmall
19% revenue
Revenue from commissions
1688
2% Rev
Taobao
47% Revenue
Customer Management, CPP
C2C business
International Retail
Lazada
AliExpress
6%
International Wholesale
2% Revenue
New Retail
$2.9B for SunArtGroup
Summary
Customer only search directly
CPP becomes important
Block Search from Baidu
$7B Free Cash Flow
Revenue: $11B (Q4, 2017)
Invest $2B into Lazada into 2018
Cloud
4% Revenue
YoY > 100%