- Prachi Singh |
Alibaba Group Holding said that for the quarter ended December 31, 2015, it saw significant growth in core business user base and monetization. In the quarter revenue was 34,543 million Renminbi (5,333 million dollars), an increase of 32 percent year-over-year.
“Alibaba Group had an outstanding quarter, reaching a milestone of over 400 million annual active buyers and continuing our unrivaled leadership in mobile. 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,” said Daniel Zhang, Chief Executive Officer of Alibaba Group.
Business highlights of the quarter
China retail marketplace revenue was 28,714 million Renminbi (4,433 million dollars), an increase of 35 percent year-over-year; and mobile revenue was 18,746 million Renminbi (2,894 million dollars), an increase of 192 percent year-over-year.
Annual active buyers on the company’s China retail marketplaces increased to 407 million, an increase of 21 million from the prior quarter, while mobile MAUs in December reached 393 million, an increase of 47 million over the prior quarter. GMV transacted on its China retail marketplaces was 964 billion Renminbi (149 billion dollars), an increase of 23 percent year-over-year, with mobile GMV accounting for 68 percent of total GMV.
Koubei, the local services joint venture established with Ant Financial, the company said, is gaining strong momentum and winning market share, generating15.8 billion Renminbi (2.4 billion dollars) in GMV transacted through Alipay during the quarter, with daily transactions averaging more than 5 million in December.