Alibaba's FY fiscal 2021 revenue achieved 41% year-over-year growth to RMB717,289 million (US$109,480 million). Alibaba Group CFO Maggie Wu said last month, "We expect to generate over RMB930 billion in revenue in fiscal year 2022. "Given the market potential and our proven profit and cash flow generation capabilities, we plan to use all of our incremental profits and additional capital in fiscal year 2022 to support our merchants and invest into new businesses and key strategic areas that will help us increase consumer wallet share and penetrate into new addressable markets.