Date: 2 months ago   Category: Internet

The annual net profit of Alibaba grew by 37% — to $13 billion — Rambler News Service


The net profit falling on shareholders Chinese Alibaba following the results of 2019 financial year grew by 37% — to $13 billion, it is noted in the reporting of the company under US GAAP. The revenue of the company following the results of a year grew by 51% — to $56.1 billion. The indicator of EBITDA grew by 15% to $18.1 billion. Operating profit of Alibaba, on the contrary, was reduced by 18% to $8.5 billion. In February of this year the AliExpress online store reported about expansion of the range by goods from Turkey and Europe. By 2022 goods have to make not less than a third of all range of a marketpleys of other countries. "Aliexpress plans to expand the Chinese range with goods of the European and Turkish brands. According to plans of the company, by 2022 goods have to make not less than a third of all range of a marketpleys of other countries" — the representative of the company reported to RNS.

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