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Alibaba Group Holding Limited's (BABA) CEO Daniel Zhang on Q1 2022 Results - Earnings Call Transcript

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Alibaba Group Holding Limited (NYSE:BABA) Q1 2022 Earnings Conference Call August 3, 2021 7:30 AM ET

Company Participants

Rob Lin - Head of Investor Relations

Daniel Zhang - Chairman and Chief Executive Officer

Maggie Wu - Chief Financial Officer

Joe Tsai - Executive Vice Chairman

Conference Call Participants

Thomas Chong - Jefferies LLC

Eddie Leung - Merrill Lynch

Alex Yao - JPMorgan Chase & Co.

Piyush Mubayi - Goldman Sachs

Jerry Liu - UBS


Good day, ladies and gentlemen. Thank you for standing by. Welcome to Alibaba Group's June Quarter of 2021 Results Conference Call. At this time, all participants are on listen-only mode. After management's prepared remarks, there will be a question-and-answer session.

I would now like to turn the call over to Rob Lin, Head of Investor Relations of Alibaba Group. Please go ahead.

Rob Lin

Good day, everyone, and welcome to Alibaba Group's June quarter 2021 results conference call.

With us today are Daniel Zhang, our Chairman and CEO; Joe Tsai, Executive Vice Chairman; Maggie Wu, our Chief Financial Officer. This call is also being webcast from the IR section of our corporate website. A replay of the call will be available on the website later today.

Now, let me quickly cover the safe harbor. Today's discussion may contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that may cause actual results to differ materially from our current expectations. For detailed discussions of these risks and uncertainties, please refer to our latest annual report on Form 20-F and other documents filed with the U.S. SEC or announced on the website of the Hong Kong Stock Exchange.

Any forward-looking statements that we make on this call are based on assumption as of today, and we do not undertake any obligations to update these statements, except as required under

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Comments (25)

Godspeed Trader profile picture
Appreciate info on

1) Alibaba Health - Cloud integration

2) Lazada SEA strategy since the board says that BABA never uses subsidy to grow a business. Lazada is still loss making together with the top guy Shopee.

3) Tokopedia (BABA owns 30%) move on Gojek merger and its integrated products in the Indonesian market

4) expansion westward and northward. Turkey and Russia e-commerce acquisitions. What's the strategy?

5) No significant moves to expand eastward, i.e., japan, taiwan, hongkong. Zero mention. Why?

5) ANT current valuation, 33% stake owned by BABA. What's the long term growth strategy with the proposed IPO money.

6) Alibaba venture in EV. Not mentioned in AR2020. Where can I get the info on the latest move and latest company acquisition related to this segment?

7) good explanation on DingTalk as part of cloud computing segment. I tested the software and it feels like Slack, or MS Teams.

8) BABA plan to get back into the music streaming industry (if any). Long term plan integrating Youku (not a market leader) capitalizing on video shorts momentum.
magichr profile picture
www.youtube.com/... what jim cramer says here is spot on about chinese stocks right now. The chinese people are moving out of their own countries stocks. And americans are buying its pretty funny.
Charles Ian Tan profile picture
@type568 I think 15B buyback isn't small if you look at context.

Berkshire Hathaway arguably company with biggest warchest, has USD 145 Bil cash equivalents on its balance sheet, deployed about US 20 Bil buybacks within the past 1.5 years on its business that has a 8-10% profit growth CAGR prospect.

For Alibaba to (plan on) deploy USD 15 Bil buybacks in the next 1 year on an underlying business that likely grows revenue and profit between 20-25% CAGR, is massive.
magichr profile picture
@Charles Ian Tan THey are buying back into a business that is controlled by chinese gov that is going to break up their monopoly. They only did this desperate move to try to keep investors in so they can get out. Anyone buying with their economy changing not for short but long term to not allow monopolies is a fool
Charles Ian Tan profile picture
@magichr with due respect, they never said no monopolies. It’s about healthy competition, no antimonopolístic behaviours. If one plays fair and still result in a monopoly then that’s fine.
@Charles Ian Tan I think Alibaba can sell its “loser” business for $100 billion and use the proceeds to buy back shares. There’s no money in food delivery.
type568 profile picture
The BB is too small, they should use the opportunity in a more aggressive way, perhaps grab a loan. mCap is 530b.. What the hell is 15b buyback? Do it 60.
@type568 BABA probably don’t have that much cash( I know 70 billion on balance sheet, but cash goes fast once you allocate them for more investments)
@type568 for a growth company like Alibaba 15b is huge. You can’t compare it’s buyback to companies that can’t grow as well.
pebble16x profile picture
Were there any questions in there about the current "relationship" now between BABA and the PRC?? If so, I guess I better stop skimming.
Shaduc profile picture
@pebble16x corporate relationship in China: is kiss my CCP ass!
Jack Ma forgot that in his senility!
@pebble16x this is the quote you are looking for
" And to borrow a popular saying lately, we will work to find common ground and move forward together."
Hopping Freights profile picture
@pebble16x "As new legislation and new policy requirements are developed, we will ensure the strict and full compliance with the requirements of the law as well as with implementation guidance that is further developed." Almost sounds like it was written for them... :-(
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