Alibaba revenue up 30 pct in Q2 of 2021 fiscal year

Source: Xinhua| 2020-11-06 00:52:29|Editor: huaxia

HANGZHOU, Nov. 5 (Xinhua) -- Chinese e-commerce giant Alibaba said that its revenue surged 30 percent year on year to 155 billion yuan (about 23 billion U.S. dollars) in the second quarter of its 2021 fiscal year.

Revenue from core commerce increased 29 percent year on year to 130.9 billion yuan, and revenue from its China commerce retail was up 26 percent to nearly 95.5 billion yuan. Meanwhile, that from cloud computing was nearly 14.9 billion yuan, an increase of 60 percent compared to the same period of the last fiscal year.

According to the company, there were 757 million annual active consumers in its China retail marketplaces, an increase of 15 million from the 12-month period ending on June 30, 2020.

"We remain focused on our three long-term growth engines -- domestic consumption, cloud computing and data intelligence, and globalization -- to effectively capture opportunities from the ongoing changes in consumer demand and acceleration of digitalization of businesses across our digital economy," said Daniel Zhang, chairman and CEO of Alibaba Group.

The second quarter of its 2021 fiscal year was from July 1 to Sept. 30, 2020. Enditem