0
Broadband

Alibaba growth continues with sales up 42% in June quarter

Thursday 15 August 2019 | 15:43 CET | News
Alibaba reported a strong increase in profits and 42 percent growth in revenues in the company's fiscal first quarter to June, showing little impact from the slowing Chinese economy. Sales rose 42 percent year-on-year to CNY 114.9 billion (USD 16.7 billion), adjusted EBITDA increased 34 percent to CNY 39.2 billion, and net profit jumped to CNY 21.3 billion from CNY 8.7 billion a year ago.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Alibaba
Countries: China
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

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

Published 13 Feb 2020 14:01 CET | China
Alibaba's revenue growth slowed again the December quarter, despite its annual Singles Day event. Revenues rose 38 percent ...

Alibaba to sell 500 mln new shares in Hong Kong listing

Published 15 Nov 2019 09:29 CET | China
Alibaba Group is going ahead with plans for a secondary public offering and listing on the Hong Kong Stock Exchange. The company ...

Alibaba revenues rise 40% and profit leaps over 260% in September quarter

Published 04 Nov 2019 09:24 CET | China
Alibaba reported another very strong set of results for its fiscal second quarter to end-September, with revenues jumping 40 ...

Youku to co-produce, distribute children's content with BBC, Genius Brands, Viacom

Published 21 Oct 2019 11:44 CET | China
Youku, the Alibaba-owned online video hub, has signed partnership agreements with global entertainment companies BBC Studios, ...

SAP Cloud Solutions available on Alibaba cloud platform in China

Published 26 Sep 2019 13:50 CET | China
Alibaba and SAP announced that SAP S/4HANA Cloud and SAP Cloud Platform are now available on Alibaba Cloud, the data intelligence ...

Alibaba targets 1 billion Chinese customers by 2024

Published 24 Sep 2019 15:42 CET | China
Alibaba has unveiled new targets for its e-commerce business in China at an investors day presentation. The company aims to serve ...

Alibaba files paperwork for Hong Kong listing - report

Published 14 Jun 2019 10:37 CET | Hong Kong
Alibaba has filed confidential paperwork for its Hong Kong listing, Bloomberg reported, citing sources familiar with the matter. ...

Alibaba to deploy Tmall Genie Auto platform on Audi, Renault, Honda cars

Published 11 Jun 2019 09:35 CET | China
Alibaba AI Labs, an AI research division of Alibaba Group, has signed partnership agreements with auto brands Audi, Renault and ...

Alibaba, WeWork, SoftBank launch platform for intl businesses entering China

Published 03 Jun 2019 09:39 CET | Asia
The 'China Gateway Program' enables companies to use Alibaba Cloud's suite of cross-border compliance, security and networking ...

Alibaba Cloud unveils product lineup for business customers worldwide

Published 30 May 2019 11:36 CET | World
The PolarDB is a MySQL and PostgreSQL compatible relational database built for the cloud. The service can scale up to 100TB in ...

Alibaba revenue growth improves to 51% in Q4, outlook cautious for new year

Published 15 May 2019 17:00 CET | China
Alibaba's growth accelerated in the company's fiscal fourth quarter to March, showing little impact from the slowing Chinese ...

Alibaba releases three new Tmall Genie speakers

Published 25 Apr 2019 15:50 CET | China
Alibaba's AI research unit launched three new iterations of its Tmall Genie smart speaker, including a voice-controlled smart ...

Altaba to sell Alibaba shares and wind down company

Published 04 Apr 2019 12:33 CET | China
Altaba, the successor company to Yahoo after it sold its media activities to Verizon, announced plans to liquidate the company. ...





Calendar   /   Industry Events

10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Ceva Q2
10 Aug Gogo Q2 2020
11 Aug Viavi fiscal Q4
11 Aug NTT fiscal Q1
11 Aug Zoom Telephonics Q2 2020
11 Aug Rakuten Group Q2
11 Aug Lumentum fiscal Q4
11 Aug Radcom Q2 2020
12 Aug Tecnotree H1 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug China Unicom Q2 2020
13 Aug iQiyi Q2 2020
13 Aug 1&1 Drillisch Q2 2020
13 Aug United Internet H1 2020
13 Aug Teleste Q2 2020
13 Aug RTL Group Q2 2020
13 Aug China Mobile H1 2020
13 Aug Singtel fiscal Q1
13 Aug Teleste Q2 2020
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
14 Aug TDC Q2 results
::: More Calendar Items