Alibaba’s revenue from digital media and entertainment business in the first quarter was 6.994 billion yuan, up 9% year on year

The group released the first quarter financial report of fiscal year 2021. The financial report showed that Alibaba’s revenue in the first quarter was 153.75 billion yuan, a year-on-year increase of 34%, and the net profit under non US GAAP was 39.47 billion yuan, with a year-on-year increase of 28%. < p > < p > data shows that for the quarter ended June 30, 2020, revenue from digital media and entertainment business was RMB 6.994 billion (US $990 million), up 9% from RMB 6.426 billion in the same period of 2019. The increase was mainly due to increased revenue from online games and member subscriptions, which was partially offset by a decrease in customer management revenue.