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Sales soar 32% at Alibaba Group in Q4
30
Jan '16
For the three months to December 31, 2015, sales at Alibaba Group Holding Limited soared 32 per cent year over year to RMB 34,543 million or $5,333 million.

Of this, in the fourth quarter of 2015, China retail marketplace revenue totaled RMB 28,714 million or $4,433 million, an increase of 35 per cent over the fiscal ago quarter.

As per an Alibaba press release, in the same quarter, mobile revenue from China amounted to RMB 18,746 million or $2,894 million, up a massive 192 per cent year on year.

“Annual active buyers on our China retail marketplaces increased to 407 million, a rise of 21 million from the prior quarter, while mobile MAUs in December reached 393 million, a growth of 47 million over the previous quarter,” it said.

In the reporting quarter, GMV transacted on its China retail marketplaces was RMB 964 billion or $149 billion, up 23 per cent in the year ago quarter, with mobile GMV accounting for 68 per cent of total GMV.

Alibaba further said that Koubei, the local services joint venture it recently established with Ant Financial, is gaining strong momentum and winning market share.

The joint venture generated RMB15.8 billion or $2.4 billion in GMV transacted through Alipay during the quarter, with daily transactions averaging more than 5 million in December.

Its cloud computing and internet infrastructure business continued its rapid expansion, with revenue surging 126 per cent over the fourth quarter to RMB 819 million or $126 million in the quarter under review.

“In the fourth quarter of 2015, non-GAAP free cash flow totaled RMB 23,719 million or $3,662 million,” the online retail giant added in the press release.

“Alibaba Group had an outstanding quarter, reaching a milestone of over 400 million annual active buyers and continuing our unrivaled leadership in mobile,” Daniel Zhang, CEO of Alibaba Group said.

“Our proven ability to deliver an unparalleled consumer experience and to help merchants attract, engage and retain buyers will drive future growth in our core business,” he too added.

“We remain focused on our top strategic priorities, including global imports, rural expansion, increasing our footprint in first-tier Chinese cities and building a world-class cloud computing business,” Zhang noted.

“We achieved impressive revenue growth as we are increasingly monetising the user activity on our marketplaces, particularly on mobile devices,” CFO Maggie Wu also said.

“In this quarter, revenue grew 32 per cent year over year and China retail marketplace revenue grew 35 per cent year on year,” Wu informed.

“Meanwhile, we generated strong free cash flow of $3.7 billion this quarter and so the fundamental strength of our core business gives us the confidence to invest in our strategic priorities,” she observed. (AR)

Fibre2Fashion News Desk – India

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