Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

Aniruddha Paul
Aniruddha Paul
Writer, passionate in content development on latest technology updates. Loves to follow relevantly on social media, business, games, cultural references and all that symbolizes tech progressions. Philosophy, creation, life and freedom are his fondness.

Alibaba said that it is expecting its revenue growth in 2019 to be more than 60%. It is expanding beyond eCommerce and touching the ground of new services, most importantly going deeper into the growth markets of Southeast Asia.

Yesterday, May 4, the company reported its adjusted earnings per share of 5.73 Yuan in the first quarter of 2018 while topping analysts’ estimates. On the way, Alibaba’s revenue growth reached 61% to 61.9 billion Yuan or $9.9 billion, which was faster than the analysts projected. It earned a record $789 billion in GMV (gross merchandise value) for the financial year ending in March 2018.

Also Read

According to chief executive Daniel Zhang Yong, the company will continue investing in acquiring new players and winning more shares. It eyes to keep on spreading its wings over the areas of physical products, local services, and digital content. Chief financial officer Maggie Wu says that they are ‘actively exploring’ a CDR (Chinese depository receipt) in the homeland.

Zhang disclosed more specific details on expansions that are focused on by the company. For one, they are to constantly expand new retail formats like the company-owned Hema supermarkets, presently on course to open 30 new Hema stores. Cainiao, the logistic unit of Alibaba, will keep on helping build infrastructure, letting the new retail operations grow.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Alibaba eCommerce, the biggest in China, is also focusing on its core business, retail, and payments to fight off its major rival Tencent. This expansion even resulted in Alibaba taking over Amazon as the biggest eCommerce in the world for a brief time period.

Stay tuned to know more about Alibaba’s 2019 market movements.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -