China's Alibaba Group Holding Ltd [IPO-BABA.N], which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world's largest e-commerce market shows no signs of slowing. Alibaba accounts for about 80 percent of all online retail sales in China, where rising internet usage and an expanding middle-class helped the company generate gross merchandise volume of $296 billion in the 12 months ended June 30. Alibaba had 279 million active buyers at the end of June, up 50 percent from a year earlier. "Our current focus is on increasing mobile (gross merchandise volume) and user engagement," Alibaba said in a U.S.
via Tech News Headlines - Yahoo News http://ift.tt/1zEjzgm
Brak komentarzy:
Prześlij komentarz