Alibaba saw revenue grow USD $19.3 billion in the second quarter, which ended on September 30th, an increase of 29% year over year. Their quarterly report showed continued resurgence for the e-commerce giant which had stumbled 19% in the fourth quarter of 2020 due to the pandemic.
“Alibaba had another strong quarter. We continued to help businesses recover and find new opportunities for growth through digitalization in the post-pandemic landscape. The solid performance of our core commerce and robust growth of Alibaba Cloud are the direct results of our commitment to value creation for customers,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group.
“We remain focused on our three long-term growth engines – domestic consumption, cloud computing and data intelligence, and globalization – to effectively capture opportunities from the ongoing changes in consumer demand and acceleration of digitalization of businesses across our digital economy,” said Zhang.
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