Alibaba sees 59% revenue growth

Chinese online marketplace Alibaba has reported a revenue of US $4.838 billion for the quarter ended 30 June, an increase of 59% on last year.

Of specific interest to people from Europe who deal with Alibaba as a business portal to China, Alibaba reported on Tmail Global: “In the June quarter, Tmall Global’s GMV growth exceeded 130% year-over-year, driven by strong growth across categories, including FMCG, digital devices and home appliances. We have also enhanced merchant recruitment efforts in U.S., Europe, Japan, Korea, Australia and New Zealand, particularly in categories of food and personal and health care.”

Alibaba saw its China retail marketplace revenue grow by 49% year over year, at US $3.518 billion. Mobile revenues of Chinese retail marketplaces was $2.6 billion, an increase of 119% year on year.

China retail marketplaces revenue was RMB23,383 million (US$3,518 million), an increase of 49% yearover-year; and mobile revenue of China retail marketplaces was RMB17,514 million (US$2,635 million), an increase of 119% year-over-year, representing 75% of our total China retail marketplaces revenue.

In a statement issued today (11 July), Daniel Zhang, Chief Executive Officer of Alibaba Group, said: “The acceleration of our revenue growth reflects the deep value propositions that we bring to our customers. We are changing the way our 434 million active buyers engage with our platform, as we introduce social, community and personalization driven by smart data into our e-commerce marketplaces, realizing our vision of ‘Live@Alibaba’. We are poised for strong profitable growth into the future.”

Maggie Wu, Chief Financial Officer of Alibaba Group, added: “We passed an important milestone this quarter in achieving higher monetization of mobile users than non-mobile users for the first time, reflecting the success of our strategy to stay ahead of the curve by embracing mobile. As we demonstrate from our segmental disclosure, our results reflect the unrivaled strength of our core commerce business, as well as the accelerating traction we are seeing from our cloud computing and digital media and entertainment businesses.”

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