CY18Q1 revenue at $15.9B (gross margin 14%), YoY +33%. ‘Retail as a Service’ strategy is also gaining momentum, net service revenue at $1.4B, YoY +60%. For CY18Q2, JD expected revenue at $19B-$19.8B with YoY 29%-33%.
FY18Q4 total revenue at $9.87B (gross margin 57%), YoY grew 61%, mainly driven by the robust revenue growth of China commerce retail business ($6.4B, +56% YoY), Alibaba Cloud ($699M, +103% YoY), and international commerce retail business ($632M, +63% YoY). FY18 annual GMV $768B and revenue at $34B (gross margin 60%) with YoY +58%. FY19, Alibaba expected to achieve +60% YoY revenue growth.
CY18Q1 65% rise in net income to $3.82B and 48% rise in revenue to $11.7B (gross margin 50%), both powered by Games ($4.56B), Ads ($1.64B) and Cloud Service ($2.9B). Wechat MAU grew 10.9% YoY to 1.04B. Tencent expected to achieve revenue YoY +60% in CY18, and more aggressively investment on online video, payment services, cloud services, AI technologies and smart retail to strengthen their long-term competitive positions.
CY18Q1 total revenue at $3.33B (gross margin 53%), YoY grew 31%, mainly driven by Online Marketing Service ($2.74B, +23% YoY). On AI technology, MIT Technology Review named Baidu as a key player for near-real-time translation, one of the top breakthrough technologies of 2018. Baidu expected to achieve $3.97B-$4.17B, with YoY +26%-+33% in CY18Q2.
FY17Q4 total revenue at $10.6B (gross margin 13.5%), YoY grew 11%, delivered 1st double digits growth in past 10 Qtrs. The strong performance came from “Three Waives Strategies”: PCSD reve. up 16% YoY; DCG reve. up 44% YoY and MBG reve. up 30% YoY. FY17 annual reve. at $45.4B YoY +5.4%. On 8th of May, Lenovo combine PCSD +MBG into a new business group IDG (Intelligent Device Group) to fulfill the transition of intelligent IoT. For FY18, Lenovo expected IDG can keep market high share position and quality margin; DCG target revenue $6B (vs $4.5B in FY17/18), +30% YoY and keep investment on IoT, BigData and AI.