(Yicai Global) May 13 -- Shares in Alibaba Group Holding tumbled yesterday and today after the e-commerce giant reported its first quarterly loss since going public in 2014 as a result of a CNY18.2 billion (USD2.8 billion) fine it received from Chinese regulators last month for abusing its dominant market position.

Alibaba’s US shares [NYSE:BABA] closed down 6.28 percent at USD206.08 apiece yesterday. Its Hong Kong stock [HKG:9988] was trading down 4.88 percent at HKD202.80 (USD26.11) at 2 p.m. China time today.

The Hangzhou-based company posted losses of CNY7.7 billion (USD1.17 billion) for the fourth fiscal quarter, which runs from Jan. 1 to March 31, despite logging a 48 percent jump in profit for the period from a year earlier to CNY10.6 billion, according to its latest earnings report released yesterday.

“As a result of the anti-monopoly fine of CNY18.2 billion, we recorded an operating loss this quarter for the first time in our history as a public company,” Chairman and Chief Executive Daniel Zhang said at the earnings conference call. “The penalty motivates us to reflect on the relationship between a platform economy and a society, as well as our social responsibilities and commitments,” he added.

For the next fiscal year, Alibaba is expecting a 29.7 percent jump in revenue to CNY930 billion (USD144.4 billion), the firm said, adding that this prediction is based on growing worldwide consumption, better digitalization and increased competitiveness.

Revenue in the year’s first three months surged 64 percent year on year to CNY187.4 billion (USD29.1 billion) thanks to strong growth in its logistics arm Cainiao Network, cloud computing business as well as the acquisition of supermarket operator Sun Art Retail Group last October, the report said.

Core businesses, including retail, logistics and life services, accounted for CNY24.6 billion (USD3.8 billion) of this revenue, a 72 percent jump from the year before. Its cloud computing services brought in CNY1.7 billion, an increase of 37 percent, and revenue from its digital media and entertainment segments leapt 12 percent to CNY1.23 billion.

For the fiscal year 2020-2021, Alibaba logged a 2 percent drop in profit from the year before to CNY89.7 billion on revenue of CNY717.3 billion (USD111.4 billion).

Its core businesses made up 87 percent of this revenue, a gain of 42 percent from the previous fiscal year to CNY621.15 billion, the report said. E-commerce accounted for CNY473 billion of this and cross-border trade amounted to CNY34.46 billion. Revenue from Cainiao jumped 68 percent to CNY37.26 billion, that for meal delivery firm Ele.me surged 24 percent to CNY31.5 billion and that for cloud computing services leapt 50 percent to CNY60.12 billion.

The firm had one billion active consumers worldwide across its ecosystem over the fiscal year, of which 891 million were in China and 240 million abroad. Gross merchandise volume came to CNY8.1 trillion (USD1.2 trillion), up 15 percent from a year earlier.

Editor: Kim Taylor