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81 Percent of Alibaba's Revenue Comes from Retail

22/11/2016 09:33 WIB

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Alibaba's 2016 Revenue (as of March)

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Approximately 81% of Alibaba Group Holding's revenue is supported by retail sales. According to Bloomberg data, in 2016 (March 2016), China's largest e-commerce company recorded sales of 101.14 billion yuan, equivalent to Rp 196.72 trillion at an exchange rate of Rp 1,945 per yuan. Approximately 82 billion yuan came from retail revenue, with the remainder from wholesale trade, cloud computing, and other sources.

Compared to the previous year, the revenue of the largest e-commerce company in China increased by 24.94 billion yuan, or approximately 32.7 percent.

The company founded by Jack Ma has become a public company, listing its shares on the New York Stock Exchange. In its initial public offering (IPO), Alibaba raised US$25.03 billion, the largest in history.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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81 Percent of Alibaba's Revenue Comes from Retail

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