Alibaba revenue surges 60 pct in 4th fiscal quarter

Updated 2017-05-19 09:32:20 Xinhua

China's e-commerce giant Alibaba said Thursday that its quarterly revenue jumped 60 percent year on year in the fourth fiscal quarter ending March.

The group's revenue was about 38.6 billion yuan (5.6 billion U.S. dollars) in the quarter, beating market expectations, Alibaba said. This was Alibaba's highest quarterly revenue growth since a public initial offering.

The company said that the figure was mainly driven by robust revenue growth across all its segments, "in particular our China commerce retail revenue growth."

Revenue in the fiscal year surged 56 percent to about 158.3 billion yuan year on year, according to Alibaba.

Meanwhile, the annual number of active buyers on its retail platform in China climbed to 454 million, while the monthly number of active users on its mobile platform reached 507 million.

Daniel Zhang, chief executive officer of Alibaba, said the robust quarter demonstrated Alibaba's successful interaction with its 500 million consumers as well as its ability to create value.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 20 2017 13:05:30

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 20 2017 13:05:30

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 20 2017 13:05:30

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords