en.wikipedia.org/wiki/Alibaba_Group
4 corrections found
US$15.01 billion (2026)
Alibaba’s FY2026 net income was not US$15.01 billion. The company’s official FY2026 results report net income of US$14.805 billion; US$15.353 billion was net income attributable to ordinary shareholders, a different metric.
Full reasoning
Alibaba’s official FY2026 results distinguish between net income attributable to ordinary shareholders and net income. In the company’s May 13, 2026 results release, Alibaba reported:
- Net income attributable to ordinary shareholders: US$15,353 million
- Net income: US$14,805 million
The infobox label here is specifically “Net income”, so the value should match the US$14.805 billion figure, not US$15.01 billion. The posted figure does not match Alibaba’s reported FY2026 net income and appears to mix or round the wrong line item.
1 source
- Alibaba Group Announces March Quarter 2026 and Fiscal Year 2026 Results
In the fiscal year ended March 31, 2026: ... Net income attributable to ordinary shareholders was RMB105,904 million (US$15,353 million). Net income was RMB102,127 million (US$14,805 million).
a subsidiary of Alibaba
Ant Group/Ant Financial was not an Alibaba subsidiary. Alibaba disclosed that it held a 33% equity interest in Ant Group, while Alipay was a wholly owned subsidiary of Ant Group.
Full reasoning
Alibaba’s own SEC filing from August 2020 states that Alibaba held a 33% equity interest in Ant Group. That filing separately identifies Alipay as a wholly owned subsidiary of Ant Group. In other words, Ant Group was an affiliate/investee in which Alibaba owned a minority stake, not a subsidiary controlled by Alibaba.
So describing Ant Financial/Ant Group as “a subsidiary of Alibaba” is incorrect.
1 source
- Certain Changes to Arrangements with Ant Group (SEC Exhibit 99.1)
Ant Group ... in which we hold a 33% equity interest, and Alipay.com Co., Ltd. ('Alipay'), a wholly-owned subsidiary of Ant Group.
Two years later in 2014, Alibaba.com was privately held again following a $2.5 billion buyback.
Alibaba.com was taken private in 2012, not 2014. SEC filings show Alibaba bought the remaining noncontrolling interest for about $2.5 billion during the period ended June 30, 2012.
Full reasoning
The article itself correctly says Alibaba.com was delisted in 2012. The follow-up sentence then wrongly shifts the same privatization to 2014.
SEC materials state that Alibaba Group purchased the remaining noncontrolling interest in Alibaba.com for approximately $2.5 billion in the period ended June 30, 2012. Other contemporaneous filings note that Alibaba.com’s Hong Kong listing was withdrawn in June 2012 as part of that privatization.
So the $2.5 billion buyback happened in 2012, not “two years later in 2014.”
2 sources
- Yahoo! Inc. Quarterly Report on Form 10-Q
In addition, in the period ended June 30, 2012, Alibaba Group purchased the remaining noncontrolling interest in Alibaba.com, for total consideration of approximately $2.5 billion.
- Altaba/Yahoo SEC filing discussing Alibaba.com privatization
As part of the privatization, all outstanding shares of Alibaba.com Limited ... were cancelled ... On June 20, 2012 ... the listing of the shares in Alibaba.com Limited on the Hong Kong Stock Exchange was withdrawn.
Alibaba co-founder Lucy Peng Lei is CEO of the company.
Lazada’s CEO is James Dong, not Lucy Peng. Lazada’s official leadership bio says James Dong has been Chief Executive Officer of Lazada Group since June 2022.
Full reasoning
Lazada’s official leadership bio identifies James Dong as Chief Executive Officer, Lazada Group and says he was named to that role in June 2022. That directly conflicts with the statement that Lucy Peng Lei is CEO.
Lucy Peng previously led Lazada, but she is not the current CEO according to Lazada’s own published leadership materials.
1 source
- James Dong — Chief Executive Officer, Lazada Group
JAMES DONG — CHIEF EXECUTIVE OFFICER, LAZADA GROUP ... James Dong was named the Chief Executive Officer of Lazada Group ... in June 2022.