The e-commerce giant has seen their revenue continue to rise despite the ongoing effects of the Covid-19 pandemic.
The company has enjoyed a revenue increase of 34% to $21.7bn in the first quarter of the fiscal year, representative of the recorded 874 million monthly users of the digital marketplaces that the Chinese giant offers. Chairman and Chief Executive Officer Daniel Zhang has commented that the ongoing digital transformation caused by the global pandemic has complimented the company’s growth plans.
The company intends to continue to offer consumers a range of services and products across its range of sectors with Zhang commenting: “We mobilised our entire digital infrastructure to support the economic recovery of businesses across a wide range of sectors, while broadening and diversifying our consumer base by addressing their changing preferences in a post Covid-19 environment.”
