Alibaba reports stellar Q216 results

By Dan Wilson August 12, 2016 - 12:28 am

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.

Comments are closed.

Featured in this article from the Tamebay Guide – companies that can help you grow and manage your business.


Alibaba is China’s biggest online commerce company that offers consumer-to-consumer, business-to-consumer and business-to-business sales.

See More Companies >

Recent Comments

6 hours ago
Lynne Jacques: I would like Ebay to bring their Managed payments into the 21st century and pay...
7 hours ago
Steve: Ebay fees are not cheaper than Amazon. My fees average 10%+ VAT and I am...
7 hours ago
Gav: Charlie, there has always been a time lag in the late delivery report. It should...
1 day ago
Graham Wharton: Notice that non VAT registered small businesses who didnt pay any VAT on their PayPal...