default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Alibaba’s Getting More Revenue Outside of E-Commerce: Chart

Alibaba broke out revenue from other segments of its business for the first time in its latest earnings report, following an investigation by the US Securities and Exchange Commission.
Alibaba Group headquarters | Source: Courtesy
By
  • Bloomberg

BEIJING, China — Alibaba Group Holding Ltd. broke out revenue from other segments of its business for the first time in its latest earnings report, following an investigation by the US Securities and Exchange Commission. The percentage of revenue from activities excluding its core e-commerce jumped to 15 percent from 8 percent a year earlier. Chief executive officer Jack Ma's diversification strategy is starting to pay off, as Alibaba's revenue accelerated at the fastest pace since its IPO. Ma has spent billions of dollars buying video websites Youku Tudou and web browser UCWeb and pushed into cloud computing to generate new growth.

Source: Bloomberg

By Selina Wang; editors: Jillian Ward and Molly Schuetz.

In This Article

© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from China
Go inside the opaque giant that accounts for one-third of global luxury sales.

Mainland shoppers have flocked to local tourism hubs like Macau and Hainan over Chinese New Year and are expected to visit Asian destinations like Thailand and Singapore before returning in droves to European fashion capitals later this year.


Beijing’s Covid-19 policy shift will give the sector a boost in 2023 but a surge in infections and sluggish economic growth could dampen the recovery after an uplift from Chinese New Year.




view more

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
How to Build a Profitable DTC Brand
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
How to Build a Profitable DTC Brand