Alibaba Group Holding Limited

Ladies and gentlemen, thank you for standing by. Welcome to Alibaba Group's June quarter 2023 results conference call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a Q&A session. I would now like to turn the call over to Rob Lynn, Head of Investor Relations of Alibaba Group. Please go ahead.

Thank you. And good day, everyone. Welcome to Alibaba Group's June quarter 2023 results conference call. With us today are Daniel Zhang, Chairman and CEO, Joe Tsai, Executive Vice Chairman, Toby Shih, Chief Financial Officer. We have also invited Trudy Dai, the CEO of Taobao and T-Mobile Group, to join the call. This call is also being webcasted from the IR section of our corporate website. A replay of the call will be available on our website later today. Let me quickly cover the safe harbor. Today's discussion may contain further looking statements, including without limitation statements about the outlook of our businesses and our organization. Further looking statements involve inherent risks and uncertainties that may cause actual results to differ materially from our current expectations. For detailed discussion of these risks and uncertainties, Please refer to our latest annual report on Form 20-S and other documents filed with the U.S. SEC. We are announced on the website of Hong Kong Stock Exchange. Any further written statements that we make on this call are based on assumptions as of today, and we do not undertake any obligation to update these statements, except as required under applicable law. Please note that certain financial measures that we use on this call, such as adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, non-GAAP net income, non-GAAP diluted earnings per share or ADS, and free cash flow are expressed on a non-GAAP basis. A GAAP result and reconciliations of GAAP to non-GAAP measure can be found in our earnings press release. Unless otherwise stated, growth rate of all stated metrics mentioned during this call refers to year-over-year growth versus the same quarter last year. With that, I will now turn to Daniel.

Thanks, Rob. Hello, everyone. Thank you for joining our earnings call today. We started the fiscal year with a robust quarter. The latest macro data indicates some uncertainties in the pace of post-COVID recovery. But as economic and consumer activities continue to resume, our businesses demonstrated encouraging trends in economics, resilience, confidence in a consumption recovery, and a significant potential from an integrated development of the digital economy and the real economy. The third quarter also showed promising early results of our reorganization, new energy across our businesses. Our revenue reached 234 billion RMB, grew at 14% year-over-year, and the growth was achieved across our different business segments. Our adjusted EBITDA increased 32% year-over-year to 45.4 billion RMB, showing progress in our continued focus on operating efficiency and the quality of operation. Next, I will go through the results of each of our major businesses. First, let me invite Trudy to share the Taobao and Tmall Group updates.