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Alibaba's revenue to jump 45-48% this year: Jack Ma

Alibaba had revenue of $22.99 billion in its year to the end of March

Reuters  |  Nairobi 

China's Alibaba expects its revenue to expand by 45 to 48 percent in its fiscal year from April as more small businesses join its online community in search of sales, Executive Chairman Jack Ma said on Thursday. Alibaba had revenue of $22.99 billion in its year to the end of March. "Our revenue this year, we will still have 45-48 percent growth, the money comes from solving problems for others," Ma told hundreds of senior executives who filled a large ballroom in a five-star hotel to listen to him on his first visit to Africa. Ma, who founded the Hangzhou-based ...

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First Published: Fri, July 21 2017. 08:12 IST
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