Share:
POST
TWEET
SHARE
SHARE
EMAIL

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.

Recent Comments

2 hours ago
ian: what a fabtastic message sums up how i feel 100% (on a smaller scale) but im...
10 hours ago
Nasir Kothia: A fantastic event !! Proud to be a sponsor and look forward to exhibiting again next...
14 hours ago
Northumbrian: Get real folks Suck it up or work round it EBay's been doing this for decades Many have...
15 hours ago
Pawel: So basically there is no way we can make our listing looking better by having...