Tuesday, 18 August 2015

Mobile accounts for more than 50% of Alibaba's Chinese sales

"More than half of all revenue generated in China for Alibaba Group Holding Ltd. came from mobile devices during its most recent quarter.
The e-commerce giant reported revenue generated from mobile devices of 7.987 billion yuan ($1.250 billion), a figure that represents 50.8% of the company’s overall revenue generated by its China commerce retail business of 15.712 billion yuan ($2.459 billion) during the quarter. Mobile sales for the quarter also represent growth of 225.5% from 2.454 billion yuan ($384.032 million) during the same period last year. Mobile accounted for 39.5% of Alibaba’s overall 20.245 billion yuan ($3.168 billion) during the quarter."

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