Business, Internet

Alibaba's Tmall.com E-commerce Platform Continues Growth

Alibaba Group's performance for the third quarter of 2015 shows that the group's revenue reached CNY22.171 billion during the reporting period, a year-on-year increase of 32%; its profit after non-GAAP adjustment reached CNY9.252 billion, a year-on-year increase of 36%; and its gross merchandise volume reached CNY713 billion, a year-on-year increase of 28%.

According to the financial report, Alibaba Group's B2C e-commerce platform Tmall.com achieved nearly CNY100 billion trading value growth in the third quarter of 2015, representing a growth rate of 56%. At the same time, the group's monthly active mobile users increased by 39 million, reaching a record height of 340 million in 2015.

In addition, Tmall supermarket and Tmall home appliances continued to improve market shares in the northern Chinese market, especially Beijing. The group is converting more consumers into returned customers and high-value loyalty users. Moreover, they continued to expand into second-tier and lower cities as well as rural areas.

During the third quarter of 2015, Alibaba further optimized its mobile business model and its mobile revenue from the Chinese retail platform achieved an increase of 183% compared with the same period of last year.

By September 30, 2015, Alibaba Group owned CNY105.691 billion cash and cash equivalents. In the third quarter of 2015, Alibaba Group's free cash flow from operation reached CNY13.624 billion.


Image Credit: Creativa Images

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