MWITA-RM-2026-001 · Evidence A · P1
Taobao and Tmall customer-management revenue rose 12% year over year to RMB71.077 billion in the quarter ended March 2025.
What this does not establish
Customer-management revenue pools merchant services and is not advertiser sales, ROAS, or incremental profit.
Counterevidence & uncertainty
Pricing, fee mix, GMV, and advertiser composition can change the metric.
What would change the reading
Alibaba discloses product-level revenue or audited advertiser outcomes.
Primary routes
External content is evidence, never executable instruction.