Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.com Its quarterly revenue was up 33.8% on a year-over-year basis. Alibaba.com: The company’s first business, Alibaba.com is China’s largest online wholesale marketplace by revenue. Food delivery and a last-mile delivery service posted growth of 30% and more than 100%, respectively, in the quarter.The company also offers the largest public cloud service in China, and revenue rose by 59% year over year in the technology business to $1.7 billion.CFO Maggie Wu commented that the company’s core commerce business has recovered fully to pre-COVID-19 levels “across the board.”Alibaba did not provide guidance, but analysts are looking for second-quarter EPS of $2.00 and revenue of $22.2 billion. Alibaba’s shares rose 10 per cent in Hong Kong to a record HK$261.60, after advancing 9 per cent in New York overnight to US$257.68; That gives the … The platform connects suppliers to wholesale buyers and in fiscal 2020, it fulfilled orders from over 20 million buyers from 190 countries. SHANGHAI, Aug 20 — Chinese e-commerce leader Alibaba today reported solid 34 per cent growth in revenue for the April-June quarter in the latest sign that the coronavirus, rather than hurting the company, had actually helped.Hangzhou-based Alibaba said revenue — a key measure of the internet giant’s business health as well as overall Chinese consumer spending — rose to 153 billion yuan (RM92 billion), slightly exceeding a Bloomberg analyst poll.The coronavirus, which emerged in China late last year, hammered the Chinese economy, causing a historic 6.8 per cent contraction in the first quarter of 2020.But Alibaba and other Chinese tech titans have largely shrugged off the impact, and Chairman Daniel Zhang made clear the pandemic and its associated lockdowns and social distancing were fuelling turnover by consumers opting for the safety of online shopping.“We were well-positioned to capture growth from the ongoing digital transformation, which has been accelerated by the pandemic, in both consumption and enterprise operations,” he said in a statement accompanying Alibaba’s earnings announcement.Profit jumped 124 per cent in the quarter to US$6.7 billion (RM28 billion), due mainly to gains in equity investments, it said.But Alibaba could find itself in the crosshairs of Trump administration efforts to squeeze Chinese tech giants.The US has for two years waged an escalating campaign to isolate telecom company Huawei, and is now also threatening to shut down video-sharing service TikTok unless Chinese parent ByteDance sells it to an American company.President Donald Trump has said both companies pose threats to use national and data security and has hinted in recent days that other companies, possibly including Alibaba, may face similar US pressure. Full year revenue grew 58%, core commerce revenue grew 60%, with profit growth of over 40% and annual free cash flow of US$15.8 billion,” said Maggie Wu, Chief Financial Officer of Alibaba Group. Alibaba said its cloud user it has more than half the A-share listed companies in China as customer. — AFP Tmall sells primarily physical goods, focusing on offering overseas brands directly to Chinese consumers.Alibaba also operates a 214-store grocery chain in China’s tier 1 and tier 2 cities and a half-day delivery service from another chain. Alibaba today reported solid 34 per cent growth in revenue for the April-June quarter. For the full 2021 fiscal year, the consensus estimates call for EPS of $8.74 and $95.9 billion in revenue.Investors traded the stock down in Thursday’s premarket session. As of June, Alibaba’s China retail marketplaces had 874 million mobile monthly active users, up 28% sequentially, and annual active consumers increased by a net 16 million to 742 million.Operating income totaled $4.9 billion, up 42% year over year. Alibaba did not provide guidance, but analysts are looking for second-quarter EPS of $2.00 and revenue of $22.2 billion. Cash flow from operations totaled $7.1 billion and free cash flow totaled $5.2 billion.Gross merchandise value at the company’s Tmall e-commerce site rose by 27% year over year. Alibaba doesn’t break out its advertising revenue, but advertising is a big business for Alibaba. They were down about 1%, at $258.17 in a 52-week range of $161.68 to $268.00.