Home / Knowledge / News / Apparel/Garments / Alibaba reports strong revenue growth in FY16
Alibaba reports strong revenue growth in FY16
May '16
E-commerce giant, Alibaba Group reported a strong revenue growth of 33 per cent in fiscal 2016, ended March 31, of RMB 101.143 billion as compared to RMB 76.204 billion in the previous fiscal because of continued growth in the Chinese commerce retail business.

Total China commerce business reported revenue of RMB 84.321 billion in fiscal 2016 as compared to RMB 62.937 billion in the previous fiscal, a growth of 34 per cent. Retail commerce comprised RMB 80.033 billion in FY16 as compared to RMB 59.732 billion in the previous year.

Wholesale commerce comprised RMB 4.288 billion this year as compared to RMB 3.205 billion previously.

Commenting on the fiscal 2016 results, Daniel Zhang, Chief Executive Officer of Alibaba Group said, “Alibaba Group finished the fiscal year on a very strong note. We achieved strong growth in mobile users, active buyers and transactions.”

“Our focus on long-term strategic priorities – globalisation, rural expansion, building a world-class cloud computing business and creating a comprehensive media and entertainment platform – has laid a strong foundation for future growth,” he added.

Net income for the fiscal was RMB 71.289 million as compared to RMB 24.320 million in the previous fiscal.

Diluted earnings per share for fiscal 2016 stood at RMB 27.89 as compared to RMB 9.70 for FY15. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search