Alibaba's Strong revenue growth was due to solid China Ecommerce, fast growth of Cloud Computing and strong growth momentum of digital media. 2). Mobile MAU reached 450m (+30% yoy), accounting for 78% of China Ecommerce revenue. Annual active users reached 439m (+14% yoy).
Alibaba's Paying consumers for cloud reached 651k from 577k in FY1Q17. Cloud computing made revenue of RMB1.5bn [USD 225 Million] while recorded adj. EBITA of RMB57m loss. Cloud will hot a Biliion Dollar Business Vertical for Alibaba very soon, driven by rising paying consumers and a wide range of segments, cloud is expected to remain strong momentum.
While companies move from traditional to digital media to optimize advertising dollars, Baba?s digital media platform expected to maintain strong growth.
BABA will continue global expansion (incl. ecommerce and search engine) in countries with favourable demographics and retail andscape (e.g. Indonesia and India).
