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October 28, 2015

Mobile boosts Alibaba revenues by 32%

News: Mobile monthly active users grew to 346 million.

By CBR Staff Writer

Chinese e-commerce giant Alibaba has reported a 32% rise in second-quarter revenue to $3.48bn, driven by strong growth in mobile.

Net income attributable to shareholders surged to $3.58bn, compared to $476.8m in the year-ago period.

Gross merchandise volume (GMV), or the total value of goods transacted on its retail marketplaces in China, increased 28% to $112bn.

Mobile GMV accounted for 62% of total GMV transacted on China retail marketplaces. Mobile revenue increased 183% year-on-year to $1.65bn.

Revenue from cloud computing and Internet infrastructure increased 128% year-on-year.

Alibaba opened a data centre in Singapore in August to serve regional and global customers. The company said it will continue to expand its customer base, geographic coverage and product offerings.

The company’s annual active buyers increased to 386 million, and mobile monthly active users grew to 346 million by the end of the September quarter.

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Alibaba Group CEO Daniel Zhang said: "This was a great quarter for Alibaba Group, with strong growth across the board and particular outperformance in mobile.

"We are winning in mobile and remain focused on our top strategic priorities, including internationalisation, expanding our ecosystem from cities to villages, and building a world-class cloud computing business."

AliCloud, Alibaba Group’s cloud computing arm, has recently launched its second data centre based in Silicon Valley, US, to answer increasing demand for cloud services.

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