Alibaba's revenue in the first quarter increased by 59% year-on-year, and the innovative business of big entertainment accelerated

In terms of digital media and entertainment business, Alibaba announced the big entertainment strategy in the quarter, integrating relevant businesses into the big entertainment section for unified management. The synergy brought by this integration will promote the development and future growth of the section. The quarterly revenue of digital media and entertainment business was 3.135 billion yuan, up 286% from 812 million yuan in the same period in 2015

the original title Alibaba's strongest fiscal quarter since its listing: revenue increased by 59% year-on-year, comprehensively exceeding expectations

on the evening of August 11, 2016 Beijing time, Alibaba Group announced the financial report for the first quarter of fiscal 2017 (i.e. the second quarter of 2016), and the group's revenue increased by 59% year-on-year, reaching 32.154 billion yuan; The revenue of China's largest retail platform in the world increased by 49% year-on-year to 23.383 billion yuan, both of which achieved the strongest growth since their listing, showing the strongest vitality of new economic entities driven by technology in the world

big entertainment innovation business accelerates / strong >

in terms of digital media and entertainment business, Alibaba announced the big entertainment strategy in the quarter, integrating relevant businesses into the big entertainment section for unified management. The synergy brought by this integration will promote the development and future growth of the section. The quarterly revenue of digital media and entertainment business was 3.135 billion yuan, up 286% from 812 million yuan in the same period in 2015

at the same time, Alibaba Group continues to make progress in innovative businesses such as yunos operating system, Gaode map and Dingding. In terms of other investment businesses, Cainiao network, an affiliated company of the group, handled an average of 42million packages per day in this quarter, involving more than 1.7 million express and warehouse staff and 180000 express stations of Cainiao network logistics partners. The joint venture between the group and ant financial services and the reputation of providing local life services, the transaction payment settled through Alipay in the quarter reached 31billion yuan, an increase of 48% over the previous quarter

some analysts said that since fiscal 2017, Alibaba's financial report has presented results according to different business segments for the first time, which can better reflect Alibaba's diversified ecological investment layout. From e-commerce to big data cloud computing, Internet finance, logistics system, digital entertainment and international expansion situation analysis, Alibaba is committed to exploring the construction and improvement of business infrastructure in various industries

editor: Nancy