Sales soar 32% at Alibaba Group in Q4
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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.
“In the fourth quarter of 2015, non-GAAP free cash flow totaled RMB 23,719 million or $3,662 million,”
“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.
Questions & Answers
Q.What was the total revenue for Alibaba Group in the fourth quarter of 2015?
What was the total revenue for Alibaba Group in the fourth quarter of 2015?
Total sales for Alibaba Group reached RMB 34,543 million or $5,333 million for the three months to December 31, 2015. This figure represents a 32 per cent increase year over year.
Q.How much of Alibaba's fourth-quarter revenue came from its China retail marketplaces?
How much of Alibaba's fourth-quarter revenue came from its China retail marketplaces?
Revenue from China retail marketplaces totalled RMB 28,714 million, or $4,433 million, in the fourth quarter of 2015. This was a 35 per cent increase compared to the same period in the previous year.
Q.What was the growth rate for mobile revenue from China in the reporting quarter?
What was the growth rate for mobile revenue from China in the reporting quarter?
Mobile revenue from China saw a significant increase of 192 per cent year on year in the fourth quarter of 2015. This amounted to RMB 18,746 million or $2,894 million during the period.
Q.Which business areas does Alibaba plan to focus on for future growth?
Which business areas does Alibaba plan to focus on for future growth?
Alibaba intends to focus on global imports, rural expansion, increasing its presence in first-tier Chinese cities, and building a world-class cloud computing business. These are considered key strategic priorities for future growth.
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