“Our revenue for the year was over 100 billion Renminbis. We achieved strong growth in mobile users, active buyers and transactions”, stated Daniel Zhang, Chief Executive Officer of Alibaba Group, adding: “Our focus on long-term strategic priorities – globalization, rural expansion, building a world-class cloud computing business and creating a comprehensive media and entertainment platform – has laid a strong foundation for future growth.”

In the fourth quarter Alibaba’s revenue totaled 24.18 billion Renminbis (3.75 billion US dollars), an increase of 39% year-over-year. Total revenue growth rate is the highest over the past four quarters. China retail marketplaces revenue totaled 18.34 billion Renminbis (2.84 billion US dollars), an increase of 41% year-over-year; with mobile revenue reaching 13.08 billion Renminbis (2.03 billion US dollars), an increase of 149% year-over-year.

“Our excellent results this quarter reflect the unique strength of our core ecommerce business despite challenging economic conditions, as well as the emerging momentum of our balanced portfolio of businesses from mobile media to cloud computing. As a result, we achieved accelerating year-over-year revenue growth of 39%, which was the highest revenue growth rate for the past four quarters”, stated Maggie Wu, Chief Financial Officer of Alibaba Group, adding: “With several consecutive quarters of increases in revenue per active buyer and revenue per mobile MAU (monthly active users), we showcase the resiliency and growing clout of Chinese consumers. This bodes well for our business as our annual active buyers on our China retail marketplaces increased to 423 million.”

Annual active buyers on the China retail marketplaces increased to 423 million, an increase of 16 million over the prior quarter, while mobile MAUs in March reached 410 million, an increase of 17 million over December 2015.

Note: Translation of amounts from RMB into US dollars was made using the exchange rate on the 31st of March 2016 (RMB 6.4480 to 1.00 US dollars).