The Taobao and Tmall marketplaces now have 443 million annual active buyers, rising strongly from 407 million 12 months ago. Alibaba makes the equivalent of US$35 in revenue from each shopper.
The new figures come amidst a strong performance for Alibaba in the quarter from October to December 2016 in which it pulled in US$2.5 billion net income from total revenue – up 54 percent in the past year – of US$7.7 billion. The ecommerce behemoth beat analyst expectations with plenty of legroom."
Source: Tech in Asia, 24th January 2017
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