Alibaba Group’s turnover for the year increased by 61%, the number of employees exceeded 59,000
The largest Chinese company operating in the field of online Commerce, has published a report for the quarter ended September 30.
During the reporting period of Alibaba Group managed to earn an income 8,285 billion dollars, which is 61% higher than a year ago. The drafters of the report note that the main activity (shopping sites Taobao and Tmall) yielded 6,982 billion dollars that on 63% more than in the third quarter of 2016. Income in the segment of cloud computing for the year increased 99%, to 447 million dollars. «Digital media and entertainment» brought the company $ 721 million, or 33% more than a year ago. Other items of income accounts for 134 million dollars that on 27% more than a year ago.
Operating profit for the reporting period amounted to 2,493 billion, a gross margin of 30%, net — 2,616 billion.
During the quarter the number of employees of Alibaba Group increased by 2270 people. As of September 30, the company had 59 572 people.