HONG KONG – Chinese e-commerce giant Alibaba Group Holding Ltd’s (BABA.N) second-quarter revenue rose 32%, beating analysts’ estimates, even as the value of goods transacted on its platform grew at a slower pace.
Revenue rose to 22,171 million yuan in the quarter ended Sept 30, compared with the average analyst estimate of 21,245.29 million yuan, according to Thomson Reuters.
Gross merchandise volume, or the total value of goods transacted on its platforms on China retail marketplaces, rose 28% to 713 billion yuan.
