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Alibaba Group Increases Revenue and Number of Marketplace Users
Chinese e-commerce company Alibaba Group releases financials for the last quarter of 2021: results exceeded expectations of third-party analysts.
Photos by Reuters
Revenue in the period from October to December inclusive was approximately $ 33.9 billion. This is more than a third – 37% – more than in the last quarter of the previous year.
Net income jumped one and a half times year-on-year, reaching $ 12.17 billion. Profit per security was 55 cents, which is 48% more than last year.
It is noted that the number of active users of the Alibaba commercial site in China reached 779 million by the end of 2021. This is about 22 million more compared to 2021. The monthly audience of mobile active users for the year expanded from 824 to 902 million.
We add that Alibaba Group owns platforms such as Taobao and Tmall, as well as the AliExpress online store, which is very popular in Russia. Obviously, the improvement in the company’s performance was partly due to the pandemic, due to which users around the world began to order products more often through the Web.