Alibaba Group Holding Limited (NYSE:BABA) Q2 2020 Earnings Conference Call Transcript

Nov 01, 2019 • 07:30 am ET

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Alibaba Group Holding Limited (NYSE:BABA) Q2 2020 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good day, ladies and gentlemen, thank you for standing by. Welcome to Alibaba Group's September Quarter 2019 Results Conference Call. [Operator Instructions]. After management's prepared remarks, there will be a Q&A session. I would now like to turn the call over to Rob Lin, Head of Investor Relations of Alibaba Group. Please go ahead.

Executive
Robert Lin

Hello everyone, and welcome to Alibaba Group's September Quarter 2019 Results Conference Call. With us are Daniel Zhang, the Executive Chairman and CEO; Joe Tsai, Executive Vice Chairman; Maggie Wu, Chief Financial Officer. This call is also being webcast from our IR section of the corporate website.

A replay of the call will be available on the website later today. Now, let me quickly cover the Safe Harbor. Today's discussion will contain forward-looking statements. These forward-looking statements involve inherent risks and uncertainties that may cause the actual results to differ materially from our current expectations. For detailed discussions of these risks and uncertainties, please refer to our latest annual report on Form 20-F and other documents filed with U.S. SEC.

Any forward-looking statements that we make on this call are based on assumption as of today, and we do not undertake any obligation to update these statements, except as required under applicable law.

Please note that certain financial measures that we use on this call, such as adjusted EBITDA, adjusted EBITDA margin, adjusted EBITA, adjusted EBITA margin, marketplace-based core commerce adjusted EBITA, non-GAAP net income, non-GAAP diluted earnings per share, or ADS; and free cash flow are expressed on a non-GAAP basis.

Our GAAP results and reconciliation of GAAP to non-GAAP measures can be found in our earnings press release. Unless otherwise stated, the growth rate of all stated metrics mentioned during this call refers to year-on-year growth versus the same quarter last year. With that, I will now turn the call to Joe.

Executive
Joseph C. Tsai

Thanks, Rob. Thank you all for joining us. In past earnings calls, we have kicked off Company management remarks with my overall observations on strategic issues or macro trends. Starting this quarter, and going forward, Daniel Zhang, who has assumed our Executive Chairman role will deliver the overall strategic and macro state of affairs, as well as his usual discussion of business operations. I will continue to make myself available for Q&A after our prepared remarks. Daniel, please go ahead.

Executive
Daniel Yong Zhang

Thanks, Joe. Hello, everyone, and thank you for joining our earnings call today. In September, Alibaba just celebrated our 20th anniversary. We truly appreciate our shareholders' support in the past years. Today, I'm honored to speak to you in the role of the Executive Chairman of Alibaba Group for the first time, I would like to take this opportunity to share my thoughts about the opportunities and our strategy over the next several years.

Our mission has not changed since day one. It is to make it easy to do business anywhere. Today our consumers, merchants and our partners are entering a new journey in the digital era. We will continue to create