Alibaba announced its financial results in fiscal year 2018. Its revenue was 250.266 billion yuan, a year-on-year increase of 58%. Its core e-commerce business revenue was 214.020 billion yuan, an increase of 60% year-on-year, and it was the highest annual increase since IPO listing, with a net profit of 14.099 billion yuan. Increased 35% year-on-year.
The financial report also disclosed that as of March 31, 2018, Alipay together with its global joint venture partners, provided services to approximately 870 million active users worldwide.
This is Alipay's first announcement of the number of its users, and it has become the world's largest mobile payment service provider.
According to data previously published by Analysys, in the third-party payment market in China in the fourth quarter of 2017, Alipay led the way with 44.51%, and continued to grow. Tencent Finance (wechat payment, etc.) fell to 30.36%. Pull bigger.
Alibaba.com's data also showed that Alibaba's annual active consumers were 552 million, and 37 million were added in the quarter. China Mobile's mobile monthly active users were 617 million.