AliExpress Fuels Alibaba International's Revenue Growth By Giving Shoppers A 'Choice'
Portfolio Pulse from The Bamboo Works
Alibaba International's 'Choice' service has significantly boosted AliExpress's growth, contributing to a 45% year-on-year revenue increase for Alibaba International in the latest quarter. The service now accounts for over 70% of AliExpress's total orders. Alibaba International's revenue for the fiscal year rose 46% to $14.2 billion, driven by strong performance from its B2C platforms, including Lazada and Trendyol. The company plans to continue investing in key markets to enhance customer experience and expand its market position.
May 17, 2024 | 1:09 pm
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Alibaba International's 'Choice' service has driven significant growth for AliExpress, contributing to a 45% year-on-year revenue increase for Alibaba International. The service now accounts for over 70% of AliExpress's total orders, and Alibaba International's fiscal year revenue rose 46% to $14.2 billion.
The 'Choice' service has become a major growth driver for AliExpress, significantly contributing to Alibaba International's revenue increase. The strong performance and continued investments in key markets are likely to positively impact Alibaba Group's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100