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Alibaba announces first half revenue of US$ 16.74 billion

16 August 2019 17:39

JAKARTA - Alibaba Group Holding Limited (NYSE: BABA) announces financial statements for the quarter ended June 30, 2019.

"Alibaba passed an excellent quarter, expanding our user base to 674 million active users annually, which shows the superiority of the consumer experience we present," said Daniel Zhang, Alibaba Group Chief Executive Officer

Alibaba's revenue as of June 2019 was recorded at US$ 16.74 billion, up 42% on an annual basis. Annual active consumers in the Chinese retail marketplace reached 674 million, an increase of 20 million in the 12-month period ending March 31, 2019. The number of monthly active mobile users (Mobile MAU) in the Chinese retail marketplace reached 755 million in June 2019, up 35 million from March 2019. (LM)

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