Home / Knowledge / News / Apparel/Garments / Chinese operations assist Alibaba Q3 sales zoom 53.7%
Chinese operations assist Alibaba Q3 sales zoom 53.7%
10
Nov '14
Mainly driven by the continuing rapid growth of its Chinese operations, revenue for the third quarter ended September 30, 2014 at Alibaba Group zoomed 53.7%, from a year earlier quarter.

Alibaba, which recently debuted the biggest global IPO in history, said its sales surged 53.7% to RMB16,829 million in the third quarter of 2014 from RMB10,950 million in the same quarter of 2013.

Alibaba attributed the increase to the continuing rapid growth of its China commerce retail business.

In the reporting quarter, the Chinese retail business mopped up RMB12,769 million or 75.9% of third quarter of 2014 total sales, up a massive 47.7%, year-on-year.

“The surge was mainly led by growth in online marketing services revenue and commission revenue in our Chinese operations,” Alibaba explains.

A hike in paying members and also a rise in average revenue from paying members, led to revenue from its China wholesale business rise significantly by 39.1%, from prior year quarter to RMB790 million.

International commerce retail business nearly doubled in the third quarter of 2014 by zooming to RMB419 million from RMB210 million in the same quarter of 2013, driven by rise in GMV transacted on AliExpress.

Sales from its international commerce wholesale business, however grew slower by 24% from a year ago to RMB1,198 million, which the ecommerce giant credited to increase in the number of paying members.

Not to be left behind, third quarter of 2014 cost of revenue, too skyrocketed to RMB5,596 million, or 33.3% of revenue, compared to RMB3,001 million, or 27.4% of revenue, in the same quarter of 2013.

“The increase was primarily due to rise in share-based compensation expense and also augmentation of co-location, bandwidth and depreciation expenses as a result of its investments in Alibaba Cloud Computing and its data platform,” Alibaba informs.

Hike in share-based compensation expense, also impacted SG&A which too rose to RMB1,960 million, or 11.6% of revenue versus RMB793 million, or 7.2% of revenue in the same quarter of 2013.

Non-GAAP EBITDA increased by 30.6% year-on-year to RMB8,493 million in the reporting quarter, while non-GAAP EBITDA margin stood at 50.5%, down from 59.4% in the September quarter of 2013 and from 54.4% in the June quarter of 2014.

Excluding the effects of share-based compensation expense, amortization of intangible assets and certain other items, non-GAAP net income in the quarter under review rose 15.5% to RMB6,808 million. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Courtesy: Skineez Skincarewear

Apparel/Garments | On 24th Apr 2018

Skineez, Walmart partner for smart wearables

Skineez Skincarewear, a leading cosmotextile skincarewear company,...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search