09-08-2021, 10:28 PM
(07-08-2021, 02:06 PM)CY09 Wrote: Comparing Amazon operating profit vs Alibaba EBITDA on the same year frame might not be an apple to apple comparison. Better to use Alibaba core commerce net operating profit which was reported to be RMB 158.9 Bil (US$24B); but the conclusion is still the same - Baba's e commerce profit is higher than Amazon's
Using the section on Alibaba's report on EBITDA, it says that Less: Effects of New Retail businesses, Local Consumer Services, Lazada, Taobao Deals, Cainiao Network, and others(1), this team of start ups are in negative EBITDA of RMB $34.6 billion (US$5.34 billion) on a full year basis.
Indeed RMB158.9 is a better comparison.