Staff Reporters
May 16, 2019

Retail engine drives Alibaba to 51% revenue rise

The internet giant took in US$13.932 billion for the quarter (US$56.152 billion for the year), and says it added 102 million active consumers on its China retail marketplaces.

(Shutterstock)

Alibaba Group has reported 51% revenue growth for both the latest quarter and its fiscal year, which ended March 31.

The company said it grew its user base to 654 million annual active consumers while increasing penetration into lower-tier cities. Organic growth excluding the effects of consolidated businesses would have been 39% for the year, the company said.

Headline numbers

  • Quarterly revenue RMB93.498 billion US...

To continue reading this article you need to be registered with Campaign. Registration is free and only takes a minute. Register Now or sign in below if you already have an account.

Existing users sign in here

Forgotten Password?

Having trouble signing in?

Contact Customer Support at
cs@haymarket.asia
or call+852 2122 5227

Membership

Why Subscribe?

  • Campaign Asia-Pacific online premium content* including in-depth monthly focus on key trends and industry issues
  • Unlimited website access*, and an archive of more than 70,000 articles
  • Regular value-added supplements including brand health checks, sector studies, ad critiques and research charts
  • Daily newsletters and breaking story alerts straight to your inbox
  • New weekly feature articles on the latest research, innovation and marketing trends
  • Be the first to hear about industry events

or call +852 2122 5227
or email subscriptions@campaignasia.com

Follow us

Top news, insights and analysis every weekday

Sign up for Campaign Bulletins

Related Articles

Just Published

Premium
Travel brands, know your place
Premium
1 day ago

Travel brands, know your place

The global travel sector is reaching a confusing saturation point, so winning brands must differentiate through experience, says FutureBrand's APAC CEO.

Premium
Ever seen a fairy tale with a non-evil stepmother?
Premium
1 day ago

Ever seen a fairy tale with a non-evil stepmother?

Probably you haven't. GS Caltex and Korean agency AdQua Interactive set out to change that with a touching storytelling initiative.

Premium
Pacific World unveils emerging destinations for 2019 and 2020
Premium
1 day ago

Pacific World unveils emerging destinations for ...

Find out which Asian cities made the list.

Premium
Now Ireland is investigating Google over GDPR
Premium
1 day ago

Now Ireland is investigating Google over GDPR

If found guilty, it would be second time a European regulator has taken action against Google.