Alibaba reports stellar Q216 results
Alibaba is doing very well and has reported really impressive second quarter results. The Chinese ecommerce giant saw a Q2 active buyers total of 434 million across all the Alibaba marketplaces.
That’s a growth rate of 18% year on year. But the really exciting number relates to mobile. Mobile buyers are up 39% and total 427 million. Total sales are up 59% and gross volume sales are up 24% to 837 billion yuan ($124 billion). Revenues stand at 32.2 billion yuan or $4.8 billion.
And if you want to find out more, and hear how Alibaba is “killing it” on mobile, check out this video with Vice Chairman Joe Tsai. Alibaba is going great guns.