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Alibaba grows quarterly revenues 38%, net profit up 62%

Thursday 13 February 2020 | 14:01 CET | News
Alibaba's revenue growth slowed again the December quarter, despite its annual Singles Day event. Revenues rose 38 percent year-on-year to CNY 161.5 billion (USD 23.2 billion), slowing from annual growth of 40 and 42 percent in the two previous quarters. Adjusted EBITDA for the fiscal third quarter was up 37 percent to CNY 55.9 billion, and net profit increased 62 percent to CNY 50.1 billion.

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Categories: Internet
Companies: Alibaba
Countries: China
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