Alibaba cross-border turnover: 652 million dollar

August 24, 2018 by
Nico Hoeijmans

Alibaba logoChinese e-commerce giant Alibaba generated more turnover from its cross-border activities. This can be concluded when looking at the quarterly figures of the company. The cross-border turnover grew 64%, to 652 million dollars. Coming months, C2C subsidiary marketplaces like LazMall and LazGlobal should accelerate international growth even more.

The turnover of the Alibaba Group rose 61 percent in Q2, compared to last year. Turnover hit the 12 billion dollars mark. A large part of this concerns e-commerce: 10 billion dollars. The net profit was relatively low, 1,3 billion dollars.

Alibaba's trade platforms showed a significant increase in users. Taobao was one of the platforms that profited from this growth in users, with 17 million more users on a monthly basis, bringing the total amount of users in Q2 up to 634 million. A significant growth in the use of the Taobao app was registered as well.

TikTok could be planning a live shopping functionality for the U.S.
TikTok might be planning to launch a live shopping service in the U.S. according to a news release by Semafor. 🔥Do you want to know more about international commerce and...
October 26, 2022
5 Top features for your eCommerce B2B
By our partners at LogiCommerce - The B2B sector is undergoing a digital transformation, and the eCommerce is the ideal channel for them to save on operating costs, reduce management...
June 16, 2022
MBE Worldwide acquires the last-mile service provider GEL Proximity
MBE Worldwide has recently succeeded in acquiring a majority stake in the GEL Proximity platform, the last-mile service provider born in Italy and specialized in e-commerce.  Do you want to...
June 15, 2022
Top crossmenu

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.