28 January 2016
Chinese e-commerce giant Alibaba Group’s revenue surged 32% to US$5.3bn in the three months ending December 2015, as an unprecedented number of Chinese shop on their mobile phones.
M-commerce taking off
The company, which claims an 80% market share of online retail in China, has 407 million buyers on Tmall and Taobao. Its mobile monthly active users reached 393 million in December, which...