GMV

Alibaba revenue edges up to US$33.5 billion but misses estimates in June quarter

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Alibaba revenue edges up to US.5 billion but misses estimates in June quarter

“Our results this quarter demonstrated our strategy at work. Our focus on enhancing user experience by offering quality products at attractive prices with great service led to stabilising market share of Taobao and Tmall Group as we returned the business on the growth trajectory,” Alibaba CEO Eddie Wu Yongming said in a statement on Thursday. … Read more

China’s 618 shopping festival: Alibaba touts early sales after withholding data last year, a sign of brighter outlook

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China’s 618 shopping festival: Alibaba touts early sales after withholding data last year, a sign of brighter outlook

Alibaba Group Holding and other e-commerce operators have released encouraging early sales data from their midyear 618 promotions – China’s biggest shopping season after Singles’ Day, and a bellwether of consumer sentiment in the world’s second-largest economy. Four hours after Alibaba’s Taobao and Tmall shopping platforms launched their sales event at 8pm on Monday, 59 … Read more