Chinese online retail giant has posted a 32 per cent growth year-on-year in revenue for its Q4 results, bolstered by a significant rise in mobile revenues.
Alibaba’s mobile revenue in the quarter was RMB18,746m ($2,894m), an increase of 192 per cent year-on-year, which the business said was driven by higher mobile GMV and increased monetisation of mobile transactions and usage across its marketplace.
Maggie Wu, chief financial officer of Alibaba Group, commented: “We achieved impressive revenue growth as we are increasingly monetizing the user activity on our marketplaces, particularly on mobile devices. In this quarter, revenue grew 32 per cent year-over-year Read full story ›
Source: The Drum
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