Alibaba Group reported very strong performance in Q1, with revenues coming in at RMB 24,184 million (US$3,751 million), an increase of 39% year-over-year.
Alibaba’s China retail marketplaces revenue was RMB18,340 million (US$2,844 million), an increase of 41% YoY. Mobile revenue was RMB13,084 million (US$2,029 million), an increase of 149% YoY. Annual active buyers on our 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.
Aliyun (or AliCloud in English), the company’s cloud business unit, is seeing even faster growth, with revenue increasing 175% year-over-year to RMB1,066 million (US$165 million), representing an acceleration of the 126% year-over-year growth rate achieved in the prior quarter.
As of March 31, 2016, AliCloud had over 2.3 million customers, including more than 500,000 paying customers. In the March quarter, AliCloud launched 612 new features and services and 22 new products, including 12 in the big data category. Big data products include computing engines, data collection and data analysis, with a MaxCompute service empowering customers to process up to 100 petabytes of data in under six hours.
