Alibaba now has half a billion users

Jack Ma’s online shopping empire now has 493 million users who access its China marketplaces every month on mobile devices, up from 393 million at the end of 2015, said Alibaba today in its latest earnings report.
The Taobao and Tmall marketplaces now have 443 million annual active buyers, rising strongly from 407 million 12 months ago. Alibaba makes the equivalent of US$35 in revenue from each shopper.
The new figures come amidst a strong performance for Alibaba in the quarter from October to December 2016 in which it pulled in US$2.5 billion net income from total revenue – up 54 percent in the past year – of US$7.7 billion. The ecommerce behemoth beat analyst expectations with plenty of legroom.
Alibaba, which no longer reports quarterly consumer spending on its marketplaces, also heralded fast growing revenues from newer areas, such as corporate cloud computing services – in which it competes against Amazon Web Services and Microsoft Azure – and digital media. Alibaba owns Youku, China’s top streaming site, after a US$4.4 billion acquisition in October 2015.
Despite all those new segments, Alibaba still rustles up 87.5 percent of its revenue from online shopping.
As more Chinese shoppers seek out goods shipped in from overseas, Alibaba saw its international retail business surge 288 percent to US$357.5 million. Jack Ma, Alibaba’s founder and chairman, met with President Trump just before the inauguration to discuss cross-border trade as he seeks to bring more US-made goods direct to China’s consumers through his marketplaces.
“In 2017, 19.1 percent of the population in China will make purchases from abroad worth US$110.68 billion,” said the analysts at Emarketer today.

Comments

$100 MILLION STOLEN BY HACKERS IN CRYPTO HEIST

Hackers steal nearly $100m in Japan crypto heist IMAGE SOURCE, Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of cryptocurrencies to take place in recent days. Last week, digital token platform Poly Network was at the centre of a $600m heist. "WE ARE SORRY TO ANNOUNCE THAT #LIQUIDGLOBAL WARM WALLETS WERE COMPROMISED, WE ARE MOVING ASSETS INTO THE COLD WALLET," THE COMPANY SAID ON TWITTER. So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their cryptocurrencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure.

Countries Accepting Nigerians Seeking Second Citizenship

Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application. Approval of a Citizenship-by-Investment application normally takes about 3 months, and all de

AKURE OBASHIP: OBA AGUNSOYEBIOYINBO ADEMUAGUN ADESIDA 11 BROUGHT CLASS AND DIGNITY TO THE THRONE

AKURE OBASHIP: OBA AGUNSOYEBIOYINBO ADEMUAGUN ADESIDA 11 BROUGHT CLASS AND DIGNITY TO THE THRONE By Sunday Ajibola There are men and there are men. Man gets to positions of power and authority and bring to bear their inner qualities. Position, as we have it here, is used to do all sorts of things; good and bad. But mostly and vexatiously, position blinds us as we use it to cheat and deny others their rights. Certain men understand that position is an opportunity to etch their names in gold and put such in the same of time. It is exactly fifty years today that the 42nd Deji of Akure, late Oba Agunsoyebioyinbo Ademuagun Adesida 11 joined his ancestors. That fateful day was Sunday and in the evening; darkness was just enveloping the city. It was the strange shouts of "opo ye o, opo ye o, opo ye o", that prompted me to rush out of our house at Oke aro. I saw people running helter, skelter. I did not bother about them. I was looking for the "electric

News, Events and People.

Search This Blog