The first fiscal quarter revenue of Alibaba’s China wholesale business was 3.484 billion yuan, up 16% year on year
The group released the first quarter financial report of fiscal year 2021. The financial report showed that Alibaba’s revenue in the first quarter was 153.75 billion yuan, a year-on-year increase of 34%, and the net profit under non US GAAP was 39.47 billion yuan, with a year-on-year increase of 28%. < p > < p > according to the financial report, in the first fiscal quarter, Alibaba’s revenue from China’s wholesale business was RMB 3.484 billion (US $493 million), 16% higher than RMB 2.992 billion in the same period of 2019. The main reason is the increase in average revenue from paying members and the increase in revenue from retail link.
