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Alibaba Ecommerce

Alibaba Group reports December 2018 quarterly results

January 31, 2019 10:26 am

Alibaba’s revenue rose 41% to RMB 117.3 billion ($17.06 billion). Net income attributable to ordinary shareholders was RMB 33.052 billion ($4.807 billion), and net income was RMB 30.964 billion ($4.504 billion), representing a year-on-year increase of 37% and 33%, respectively. The monthly active users (MAUs) on Taobao, reached 636 million, an increase of 35 million form the 12-month period ended September 30, 2018.

In addition, the annual active number of users of Alipay and its affiliated companies reached 1 billion, with a continuous increase of over 20 million active users per month.