Alibaba Group Holding Limited (NYSE: BABA) announced yesterday its financial results for the quarter ended December 31, 2018.
In the quarter ended December 31, 2018, the Revenue of Alibaba was RMB117,278 million (US$17,057 million), an increase of 41% year-over-year, meanwhile revenue from core commerce increased 40% year-over-year to RMB102,843 million (US$14,958 million).
Net income attributable to ordinary shareholders was RMB33,052 million (US$4,807 million), and net income was RMB30,964 million (US$4,504 million), representing a year-over-year increase of 37% and 33%, respectively.
Annual active consumers Alibaba's China retail marketplaces, a.k.a Taobao, reached 636 million, an increase of 35 million from the 12-month period ended September 30, 2018. Mobile MAUs on Taobao reached 699 million in December 2018, an increase of 33 million over September 2018.
"Alibaba had another strong quarter. Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of nearly 700 million consumers across retail, digital entertainment and local consumer services," said Daniel Zhang, Chief Executive Officer of Alibaba Group.
"Our growth is also driven by the power of Alibaba"s cloud and data technology that helps expedite the digital transformation of millions of enterprises."
"In the December quarter, we delivered strong top-line growth of 41% year-over-year," said Maggie Wu, Chief Financial Officer of Alibaba Group.
"The profitability of our marketplace-based core commerce business, as measured by adjusted EBITA, was RMB54.3 billion (US$7.9 billion), representing a 31% year- over-year growth. This profitability and US$7.5 billion in free cash flow generated this quarter enable us to continue to invest in other important strategic businesses and technology to support the growth of our ecosystem."