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 8.49 billion. Net profit fell 38.6 percent to CNY 3.03 billion, due to an increase in stock option costs after its IPO and higher taxes, as well as costs for the acquisitions UCWeb and AutoNavi and investments in the cloud computing platform. Adjusted EPS rose 9.4 percent to CNY 2.79.
Alibaba spent CNY 1.703 billion in the quarter on capital equipment, while free cash flow rose 33.7 percent to CNY 8.94 billion. It finished September with total cash of CNY 109.91 billion.
