Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

The Business of Fashion
Financial Markets

Alibaba Revenue Surges on Mobile Growth

Alibaba's second-quarter net income topped expectations as revenue surged on mobile growth.
By
  • Associated Press

NEW YORK, United States — Chinese e-commerce powerhouse Alibaba's second-quarter net income topped expectations as revenue surged on mobile growth.

The news reassured investors about how Alibaba is fairing in the uncertain Chinese economy. Its shares jumped 10 percent in premarket trading.

Net income after paying deferred dividends jumped to 33.75 billion Chinese yuan ($3.58 billion), or $1.40 per share, compared with 2.98 billion yuan in the prior year quarter. Excluding one-time costs such as a compensation expense, net income totaled 57 cents per share. That topped analyst expectations of 54 cents per share, according to FactSet.

Revenue rose 32 percent to 22.17 billion yuan ($3.49 billion) from 16.83 billion yuan. Analysts expected revenue of $3.35 billion. Mobile revenue more than doubled to 10.52 billion yuan ($1.66 billion), or 61 percent of total retail revenue.

In This Article
Topics
Organisations
Location
Tags

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.

L Catterton: Finding Value in a Tough Market

Nikhil Thukral, managing partner at the LVMH-affiliated private equity fund, talks about the ingredients of winning companies, the dynamics challenging fashion's incumbents and how economic shifts are shaping investor strategies in the BoF-McKinsey State of Fashion 2025.

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.

The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.

view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.

Estée Lauder’s Surprise Acquisition, Explained

The American cosmetic giant’s buyout of Ayurvedic beauty line Forest Essentials came as a surprise. By picking an under-the-radar brand it knows well, the company can show that it’s still in the M&A game without needing to outbid rivals.

VIEW MORE

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.