Is Alibaba Making Money? — Market Mad House

The Alibaba Holding Group (NYSE: BABA) is one of the biggest success stories in online retail. Alibaba reported quarterly revenues of $16.815 billion and a quarterly gross profit of $7.589 billion on 30 June 2019, for example.

Astonishingly, Statista estimates Alibaba’s platforms had 674 million active online consumers in 2nd Quarter 2019. Remarkably, that number grew from 576 million consumers in 2nd Quarter 2018 and 279 million active customers in 2nd Quarter 2014.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.