Alibaba reports strong revenue in Q4 2019

Results for next quarter may decrease due to slowing economy.


Ismawati Asmat

18 Feb, 2020

Alibaba reports strong revenue in Q4 2019 | BEAMSTART News

- From our Sponsors -

Alibaba reported a 38% revenue increase from the prior year, reaching US$23.2 billion for 2020.

Due to restaurant closures, food delivery orders are down year-on-year, with limited delivery capacity for its Hema supermarkets.

Hitting an increase of 18 million from the 12-month period ended September 30, 2019, Alibaba’s annual active consumers on its China retail marketplaces reached 711 million.

With an increase of 39 million over September 2019, Mobile MAUs on its China retail marketplaces reached 824 million in December 2019.

CEO of Alibaba Group mentioned that the company will be harnessing the power of technology as a preventive measure for the business, in times of global economic slowdown.

- From our Sponsors -

Latest Jobs

Senior Software Engineer, Song Quiz

Volley

California,

Full Time

Salary Undisclosed

Director, Service Operations

Curri

California,

Full Time

USD 160000 — USD 190000 yearly

Founder's Office

CozmoX AI

California,

Full Time

USD 50000 — USD 100000 yearly

Launch Operations Specialist

RealRoots

California,

Contract

USD 80000 — USD 90000 yearly

Solutions & Sales Operations

Zensors

California,

Full Time

Salary Undisclosed

Account Executive (US)

Kombo

New York,

Full Time

USD 200000 — USD 220000 yearly

Product Strategist

Corgi

California,

Full Time

USD 100000 — USD 180000 yearly

Member of Technical Staff – Backend Engineering

Activeloop

California,

Full Time

USD 150000 — USD 250000 yearly

Customer Success Manager

Tank Payments

Texas,

Full Time

USD 75000 — USD 110000 yearly

Software Engineer (Data)

Numeral

Full Time

USD 160000 — USD 210000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).