Capital, Earnings & M&A
Heavyweight | Alibaba's Strong Growth in Q4 and Full Fiscal Year 2019
Alibaba Group reported better-than-expected strong growth, demonstrating its ability to create momentum by serving both enterprises and consumers, with innovation driving growth and growth leading innovation. On May 15, Beijing time, Alibaba Group released its Q4 and full fiscal year 2019 results, strongly kicking off Tmall 618. In this fiscal year, Alibaba Group's revenue reached 376.844 billion yuan, with Q4 revenue of 93.498 billion yuan, both up 51% year-over-year. Taobao and Tmall added over 100 million new users in the past fiscal year, bringing over 900 billion yuan in incremental business to brands and merchants.
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