On the evening of May 13, Beijing time, Alibaba Group reported its fourth quarter of fiscal year 2021 (January-March 2021) and full-year financial results, posting an operating loss of RMB 7.663 billion for the quarter.
This is Alibaba’s first quarterly loss since its IPO in September 2014.
On April 10 this year, the mainland’s State Administration of Market Supervision and Administration decided to impose an administrative penalty on Alibaba, imposing a fine of 18.228 billion, the largest fine in mainland antitrust history and the second largest globally after the EU’s 4.34 billion euro fine on Google. At the same time, it is the largest antitrust fine issued by a regulator to a domestic company worldwide.
The financial report shows that the fine from the antitrust investigation directly led to a quarterly loss for Alibaba. Ali’s short-term financial performance was significantly impacted by the fine.
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