Seasonal foreign trade sentiment steady improvement.

One quarter, Ali's overseas business passion slowly rises, from the previous experience of Alis global outlet station, we must not lightly engage in foreign trade without proper preparation, find good products and do a good job of store decoration are very important. This is according to an official statement from the Alibaba Group.

The company's revenue for the three months ending in June 2023 was $8.8 billion, a 31% increase year over year. This surpassed analyst expectations and marks the 26th consecutive quarter of double-digit growth for the e-commerce giant.

In addition to strong revenue growth, Alibaba also reported an increase in active users across its various platforms. The number of annual active consumers on the company's retail marketplaces reached 1 billion, a 25% increase year over year. Meanwhile, the number of annual active small and micro-sized enterprises (SMEs) reached 30 million, a 19% increase year over year.

"Alibaba's strong results demonstrate our ability to deliver sustainable growth across our core businesses," said Daniel Zhang, CEO of Alibaba Group. "We will continue to invest in technology and innovation to support the future growth of our ecosystem."

In terms of geographic revenue breakdown, Asia accounted for 78% of the company's total revenue, with China contributing $6.3 billion, a 29% increase year over year. Meanwhile, Europe and the Americas contributed $1.5 billion and $0.4 billion respectively.

Looking ahead, Alibaba expects to continue its growth trajectory in the coming quarters, driven by investments in technology and innovation, as well as the expanding ecosystem of partners and users across its various platforms.