Date
30 March 2017
Quarterly revenue rose 32 percent to 22.2 billion yuan from a year earlier. Photo: Bloomberg
Quarterly revenue rose 32 percent to 22.2 billion yuan from a year earlier. Photo: Bloomberg

Mobile revenues drive one-third jump in Alibaba sales

Alibaba Group Holdings Ltd. reported a sharp rise in quarterly sales, particularly from the Chinese e-commerce giant’s mobile platforms.

Revenue for the three months to September rose 32 percent to 22.2 billion yuan (US$3.5 billion) from a year earlier, BBC News reported. 

The value of transactions conducted through the website totalled 713 billion yuan, with the number of active buyers growing to 386 million.

“This was a great quarter for Alibaba Group, with strong growth across the board and particular outperformance in mobile,” chief executive Daniel Zhang was quoted as saying. 

Revenue from mobile devices nearly tripled.

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

Alibaba said the number of Chinese villages where it offers sales and delivery services rose by more than 4,000 during the quarter.

“The performance of Alibaba’s international division is reasonable but far from spectacular,” said Neil Saunders at retail research firm Conlumino.

At the retail level, sales were up by a fairly modest 14.8 percent, he added.

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