Alibaba, an online retail platform based in China, has announced its financial results for the quarter ended December 31, 2014. The company reported revenue of RMB26.18bn, an increase of 40% year-on-year. It also recorded income from operations of RMB9.35bn, an increase of 6% compared to the fourth quarter of 2013. Accordingly Alibaba’s margin stood at 22.84%.
The quarter also saw revenue from purchases made on mobile devices rise by 448% over Q4 of 2013, to RMB1.51bn. The rise in revenue was largely attributable to sales in China which increased by 32% year-on-year, mainly driven by growth in commission revenue and online marketing services revenue.
The growth in income from operations was lower than revenue growth primarily due to an increase in share-based compensation expenses.
“We delivered a strong quarter with significant growth across our key operating metrics,” said Jonathan Lu, Chief Executive Officer of Alibaba Group. “Gross merchandise volume across our China retail marketplaces grew 49% year on year, and our annual active buyers increased to 334m in 2014, an increase of 45% year-on-year. We added 48m active mobile users sequentially and delivered over US$1bn in mobile revenue during the quarter. Our business continues to perform well, and our results reflect the strength of our ecosystem and the strong foundation we have for sustainable growth.”
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