Alibaba Sees Huge Rise In Global Revenue

Alibaba's profits were driven by Lazada and AliExpress

Alibaba's Q2 earnings report has revealed a huge rise in global revenue over the past year. An incredible 136% increase in revenue was seen since Q2 2016 in Alibaba's non-Chinese markets alone, following high levels of investment in foreign marketplaces. Alibaba said that “the increase was primarily due to the growth in revenue generated from Lazada and AliExpress”. Lazada was acquired by Alibaba in April 2016 and now operates in Singapore, Indonesia, Thailand, Malaysia, the Philippines and Vietnam. Meanwhile, in a further push into international markets, it has just been announced that Alibaba will lead a 1.1 billion US dollar investment in the Indonesian ecommerce site, Tokopedia. The platform allows buyers and sellers to communicate directly, much like on Alibaba's own Taobao marketplace. Speaking of the upcoming partnership, Tokopedia said that Alibaba will act as a “teacher and role model” for the company. 

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