Alibaba Group Revenues Up 32% in Q4 2015

Posted by Joachim Bartels | Feb 2, 2016 | Alibaba, China, E-Commerce, Online Media - Buyer - Seller Platforms | 0 |

Alibaba Group announced its results for the quarter ended 31^st December 2015. The company reported total revenues of US$5.33 billion – up by 32% year-on-year. The company also reported that US$149 billion of Gross Merchandize Volume (GMV) was transacted on Alibaba’s marketplaces – up by 23% year-on-year. Mobile GMV reached US$100 million and now accounts for 68% of total GMV. The group’s mobile revenue increased by 192% to US$2.89 billion.

A highlight of Alibaba was their fast-growing cloud business which only accounted for 2.3% of the group’s revenue. Revenue from cloud computing and internet infrastructure jumped 126% year-on-year to US$126 million.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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