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.

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