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Annual active users, revenue growth of Alibaba hit record high in FY 2018

May 07, 2018


Abstract : Alibaba announced on late Friday that its total operating revenue witnessed a year-on-year growth of 58 percent at 250.266 billion yuan in the fiscal year 2018, reaching a highest growth rate since the company debuted on NYSE.

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BEIING, May 7 (Xinhua) -- China's e-commerce giant Alibaba announced on late Friday that its total operating revenue witnessed a year-on-year growth of 58 percent at 250.266 billion yuan in the fiscal year 2018, reaching a highest growth rate since the company debuted on the New York Stock Exchange (NYSE), the Xinhua-run China Securities Journal reported on Monday.

Meanwhile, the total operating revenue of its core e-commerce business reached 214.020 billion yuan, up 60 percent year on year, also hitting a highest growth rate since its IPO in New York.  

In the fourth quarter in the fiscal year 2018 (from January 1 to March 31), Alibaba's turnover reached 61.932 billion yuan, up 61 percent year on year, of which the revenue of its core e-commerce business amounted to 51.287 billion yuan, up 62 percent year on year.

The newly-added annual active users reached 552 million on its China retail marketplaces by the end of December, 2017, up 37 million compared with that of the end of 2016.

Alibaba predicted that in fiscal year 2019, the growth rate of its operating revenue will exceed by 60 percent year on year based on great growth potential by expanding investment in its technology and new retail industry in recent one year.  (Edited by Ma Xin, maxin11@xinhua.org)

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Keyword: Alibaba

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