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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

11 August 2016

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 Source: Bloomberg

Source: Bloomberg

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

In This Article

Topics

China

People

Jack Ma

Organisations

Alibaba Group Holding Ltd

Location

Beijing, China

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