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Alibaba Q4 revenue increased 60%

Staff Writer | May 19, 2017
Alibaba Group Holding Limited announced its financial results for the quarter ended March 31, 2017.
Alibaba   Revenue was $5,605 million
Revenue was RMB38,579 million ($5,605 million), an increase of 60% year-over-year.

Revenue from core commerce increased 47% year-over-year to RMB31,570 million ($4,587 million).

Revenue from cloud computing increased 103% year-over-year to RMB2,163 million ($314 million).

Revenue from digital media and entertainment increased 234% year-over-year to RMB3,927 million ($571 million).

Annual active buyers on company's China retail marketplaces reached 454 million, an increase of 11 million from the 12-month period ended in December 2016.

Mobile MAUs on company's China retail marketplaces reached 507 million in March, an increase of 14 million over December 2016.

The number of paying customers of company's cloud computing business grew to 874,000 from 765,000 in the previous quarter.

Operating loss from cloud computing was RMB505 million ($73 million) and adjusted EBITA loss was RMB169 million ($24 million).