Alibaba announces 32% rise in revenue

Alibaba has announced that its revenue for the quarter ended 30 September was RMB22,171m (US$3,488m), which represented an increase of 32% year-over-year. Gross merchandise volume (GMV) for the quarter was RMB713bn (US$112bn), an increase
of 28% year-over-year.

In a statement issued today (27 October), Daniel Zhang, Chief Executive Officer of Alibaba Group, commented: “This was a great quarter for Alibaba Group, with strong growth across the board and particular outperformance in mobile. We continued our efforts to drive healthy GMV growth, deliver an unparalleled consumer experience and help quality merchants do business on our platform.”