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Alibaba's annual e-commerce revenue FY 2010-FY 2020, by region

In the fiscal year ending March 31, 2020, the Chinese e-commerce corporation Alibaba Group recorded a revenue of 332.75 billion yuan in Chinese online sales. This translates to approximately 47 billion U.S. dollars.

China's e-commerce market and Alibaba

In 2017, the gross merchandise volume of China's e-commerce market amounted to around 6.3 trillion yuan and was forecasted to exceed eleven trillion yuan by 2020. Some of the factors contributing to this growth are increased internet penetration and ever-growing spending power of the general population, but also the expansion of e-commerce giant Alibaba Group.

The revenue of Alibaba Group reached 509.7 billion yuan (approximately 72 billion U.S. dollars) in financial year 2020. Alibaba’s most prominent e-commerce websites are Taobao Marketplace, Tmall, cross-border e-commerce platforms AliExpress and Lazada, a developer of platforms for cloud computing and data management called Alicloud, as well as a financial services provider called Ant Finacial Services Group, to only name a few of its ventures. Payment provider Alipay has been spun off in 2010 into an independent company.

Singles' Day

The company’s most profitable day in 2019 was Singles' Day, a popular Chinese festival functioning like the antithesis of Valentine’s Day. On November 11, Chinese singles throughout the country celebrate being single and proud, especially by treating themselves with presents. On this date in 2019, over 1.3 billion orders were placed on Alibaba's Tmall and Taobao, amounting to almost 38.4 billion U.S. dollars in sales.

Annual e-commerce revenue of Alibaba from financial year 2010 to 2020, by region

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Source

Release date

May 2020

Region

Worldwide, China

Survey time period

FY 2010 to FY 2020

Special properties

fiscal year ending March 31

Supplementary notes

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of May 2020).

Data is based on GAAP regulations.

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Statistics on "Alibaba Group"

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