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Revenue grew 9% year-over-year in the quarter to $32.19 billion (RMB204,052 million) versus the consensus estimate of $29.64 billion. For the year, revenue grew 19%.
Revenue in the Cloud segment grew by 12% in the quarter, while revenue in the China commerce segment grew by 8%.
Non-GAAP diluted earnings per ADS was $1.25, beating the Wall Street consensus of $1.10.
The company posted a record RMB8,317 billion in global GMV for the year.
CEO Daniel Zhang said despite supply chains and weaker consumer sentiment they saw operational improvements in key strategic areas.
