Chinese tech behemoth Alibaba Group pulled in revenue of RMB114,924 million (US$16,741 million) - an increase of 42% year-over-year – for the June quarter and expanded its user base to 674 million annual active consumers.
Chinese Internet and ecommerce giant Alibaba Group increased sales by 27% over last year, generating total sales valued at US$30.8 billion (RMB213.5 billion) at its Global Shopping Festival on one day last weekend – with sales of Australian lamb increasing 775% from 2017 in the first hour.
The Alibaba Company, part of the Alibaba Group, has dispatched the first orders using its new Food Trust Framework, an initiative from Tmall Global, that uses blockchain technology to improve traceability along the supply chain.
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