Customer ManagementCustomer management revenues are expected to reaccelerate in the second half of the fiscal year, supported by the full roll-out of dynamic ads and incremental commission rates for all Taobao merchants.
Revenue GrowthAlibaba international digital commerce and Cainiao logistics revenues are forecasted to grow 41% and 25% year-over-year respectively, given fast cross-border commerce expansion.
Shareholder ReturnsContinued aggressive buybacks could potentially bring annualized yield to over 10%.