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Alibaba International records strong growth, Lazada milestone

CEO Jiang Fan said Alibaba’s global e-commerce unit is focused on business and supply chain upgrades, technology innovations and growth in key markets.

This article only represents the author's own views.

Times may be tough for e-commerce giant Alibaba Group Holding Ltd. (BABA.US; 9988.HK), as it battles stiff competition on its home turf in China. But the air looks much clearer for its separately run international arm, Alibaba International Digital Commerce Group (Alibaba International), which is drawing on its unique hybrid of global suppliers and shoppers to outshine its parent.

That strength was a highlight in Alibaba Group’s latest quarterly report released last Thursday, where Alibaba International showcased strong double-digit revenue growth and an expanding global footprint. Alibaba International reported its revenue surged 32% year-over-year to $4 billion in the three months to June, representing an eighth consecutive quarter of gains since it became an independent operating unit of Alibaba Group.

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咏竹坊

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