Technology

Chinese E-Commerce Giant Alibaba Reported an Additional 98 million New Users

Yes you read that right, the Chinese e-commerce giant Alibaba have been reported to be having themselves one heck of a year with sky soaring numbers.

Chinese E-Commerce Giant Alibaba Reported an Additional 98 million New Users | Alibaba, Chinese, e-commerce, Jack ma, online platform

According to recent reports, the e-commerce company which was founded by billionaire Jack Ma was said to have added a massive 98 million customers to it register over a period of just 12 months.

Alibaba now bosts of 121 million monthly users and if you do your math right, that estimates to a whooping 755 million yearly users.

Alibaba’s quarterly revenue also experienced a huge jump of 42% compared to the same quarter last year. And that amounts to $16.7 billion in revenue with a net profit of $3.1 billion.

If Alibaba continues to move at this rate it should not be long enough before we begin counting in billions💶

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Emmanuel
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