arabtoday reports improved Q1 revenue

GMT 03:03 2016 Tuesday ,10 May

Arab Today, arab today reports improved Q1 revenue

Chinese e-commerce giant
Beijing - XINHUA

Chinese e-commerce giant on Monday reported a rise in net revenue in Q1 thanks to growing mobile business. earned 54 billion yuan (8.3 billion U.S.dollars) in net revenue in Q1, up 47.3 percent year on year, with its gross merchandise volume growing by 55 percent to about 129 billion yuan.

Orders rose by over 50 percent in the first three months with more than two thirds coming from mobile terminals such as smartphones.

National online retail sales were over one trillion yuan in the January-March period, up 27.8 percent year on year.

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