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Alibaba just had an incredible quarter

The Chinese e-commerce company’s revenue surged 54% to $7.67 billion, with a net income of $2.47 billion, reports TechCrunch. The biggest source of revenue for the company came from its Taobao marketplace, which now has 493 million monthly users and 443 million active buyers.

The Chinese e-commerce company’s revenue surged 54% to $7.67 billion, with a net income of $2.47 billion, reports TechCrunch. The biggest source of revenue for the company came from its Taobao marketplace, which now has 493 million monthly users and 443 million active buyers.

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About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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