Alibaba’s Getting More Revenue Outside of E-Commerce: Chartby
Alibaba Group Holding Ltd. broke out revenue from other segments of its business for the first time in its latest earnings report, following an investigation by the U.S. Securities and Exchange Commission. The percentage of revenue from activities excluding its core e-commerce jumped to 15 percent from 8 percent a year earlier. CEO Jack Ma’s diversification strategy is starting to pay off, as Alibaba’s revenue accelerated at the fastest pace since its IPO. Ma has spent billions of dollars buying video websites Youku Tudou and web browser UCWeb and pushed into cloud computing to generate new growth.