Home / Knowledge / News / Apparel/Garments / Q3FY17 revenue soars 54% at Alibaba Group
Q3FY17 revenue soars 54% at Alibaba Group
Jan '17
For the three months ended December 31, 2016, revenue at Chinese ecommerce giant Alibaba Group soared 54 per cent year on year to RMB 53,248 million or $7,669 million. Of this, sales from the ecommerce segment surged 45 per cent to RMB 46,576 million or $6,708 million and cloud computing revenue drove up 115 per cent to RMB 1,764 million or $254 million.

Again of overall revenue in the third quarter of fiscal 2017, turnover from digital media and entertainment increased steeply by 273 per cent over the fiscal ago quarter at RMB 4,063 million or $585 million, while sales from innovation initiatives and others rose 61 per cent to RMB 845 million or $122 million.

In the reporting quarter, net cash from operating activities amounted to RMB 37,416 million or $5,389 million and non-GAAP free cash flow stood at RMB 34,122 million or $4,915 million.

Net income for the quarter under review totalled RMB 17,157 million or $2,471 million and diluted EPS was RMB 6.94 or $1.00, while non-GAAP diluted EPS was RMB 9.02 or $1.30. (AR)

Fibre2Fashion News Desk – India

Interviews View All

Rajiv Sirohi, Shara

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Anshul Sood, Oceedee

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Nitesh Mittal,

Nitesh Mittal

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

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


Leave your Comments

November 2019

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

news category

Related Categories:

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search