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Tag: alibaba
Alibaba profits soar on mobile sales
2016-05-05 14:24:45| BBC News | Business | UK Edition
The world's biggest e-commerce company Alibaba reports a 193% jump in annual profits as sales on mobile devices jump.
Tags: sales
mobile
profits
alibaba
Alibaba revenues jump 39% in March quarter
2016-05-05 14:10:00| Telecompaper Headlines
(Telecompaper) Alibaba reported a strong finish to its fiscal year, with revenue in the three months to March up 39 percent year-on-year to CNY 24.184 billion (USD 3.751 billion). The growth was again led by mobile users, with mobile revenue increasing 149 percent to CNY 13.084 billion. Alibaba said mobile purchases accounted for 73 percent of gross merchandise value acquired on its retail sites in China. The total GMV in the quarter was CNY 742 billion, up 24 percent from a year earlier. Alibaba's adjusted EBITDA rose 34 percent to CNY 11.498 billion the final quarter, while the margin dipped to 48 percent from 49. Alibaba said the margin may come under further pressure as it invests in new services and acquired businesses. Net profit was up 85 percent to CNY 5.314 billion, helped by profits on asset disposals.
Tags: march
jump
quarter
revenues
Alibaba Group And New Zealand Government Form Strategic Alliance To Strengthen Trade With China
2016-04-20 05:45:16| dairynetwork News Articles
Alibaba Group, the world’s largest online and mobile marketplace, and New Zealand Trade and Enterprise (NZTE), the New Zealand Government’s international business development agency, signed a Memorandum of Understanding (MOU) today to formalize discussions for strengthening trade between China and New Zealand and support the growth of New Zealand brands in China
Alibaba buys controlling stake in Lazada for USD 1 bln
2016-04-12 08:43:00| Telecompaper Headlines
(Telecompaper) Alibaba has agreed to acquire a controlling stake in Indonesian online retailer Lazada for about USD 1 billion. Alibaba said it will pay USD 500 million for new shares in Lazada and also purchase stock from existing investors. Lazada is currently controlled by Rocket Internet.
Tags: usd
controlling
alibaba
buys
Mondelez enters into e-commerce partnership with Alibaba
2016-04-11 01:00:00| Food Processing Technology
US-based food and beverage company Mondelez International has entered into a strategic partnership with Chinese e-commerce firm Alibaba Group with the aim of earning at least $1bn in e-commerce revenues by 2020.
Tags: partnership
alibaba
ecommerce
enters
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