Alibaba Q3 revenues jump 54% on mobile expansion

Tuesday 4 November 2014 | 14:26 CET | News
Alibaba Group reported third-quarter revenues up 53.7 percent year-on-year to CNY 16.83 billion (USD 2.74 billion). The Chinese e-commerce group reported gross merchandise value and active users up around 10 percent, to respectively CNY 555.67 billion and 202 million. Mobile also showed a growing contribution to results, accounting for CNY 3.72 billion in revenue and 35.8 percent of merchandise value, more than double the year-earlier figures. The number of monthly mobile users rose 15.4 percent compared to Q2 to 217 million. The company's adjusted EBITDA rose 30.6 percent year-on-year to CNY

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Categories: Internet
Companies: Alibaba
Countries: China
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