rtmark
LearnBonds.com

Alibaba Group To Cross CNY 500 Billion Annual Revenue in 2020

The annual revenue of Alibaba Group for 2019 was CNY 376,84 billion ($54.5 billion U.S. dollars) and is getting closer to CNY 500 billion. This is according to a recent report released by Statista informing the annual revenue of the Alibaba Group in the fiscal year ending on March 31, 2019.

Can Alibaba Surpass CNY 500 Billion Revenue?

Alibaba, a recognized Chinese multinational conglomerate in the e-commerce industry, is getting closer to the CNY 500 billion annual revenue.

As per the report, the company registered an increase in revenue between 2018 and 2019 of over 50% from CNY 250,26 billion. If the company registers a rise of 33% in revenue during the current fiscal year, it would be possible for it to surpass CNY 500 billion.

In the last four years, the company has expanded its revenue at a speed of 50% per year. An increase of 33% is a entirely possible scenario for Alibaba Group.

Nevertheless, there are several challenges that the conglomerate would need to face if it wants to surpass this goal.

The current economic slowdown in China and the world is one of the main issues that could reduce the company’s revenue. Moreover, the firm would also have to deal with increased economic tensions between the United States and China.

Alibaba Group Holding Ltd (NYSE: BABA) shares surged 3.71% in the last 24 hours to $169.48 per share. Since the beginning of the year, its share price rose by 24%.

The number of active consumers across Alibaba’s online shopping properties have been increasing without pause since the second quarter of 2014. Since then, the number of annual active users surged by 141% from 279 million to 674 million active buyers this second quarter.

A more significant number of active buyers would have a positive impact on the company’s revenue for the current fiscal year. This could eventually help the firm reach the CNY 500 billion goal by April 2020.

The monetization model of the group relies on online marketing services such as P2P marketing services, display marketing, and promoted selling. Furthermore, the company holds stakes in the online video company called Youku Tudou and the entertainment company Alibaba pictures.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Justinas Baltrusaitis

Justin is an editor, writer, and a downhill fan. He spent many years writing about finances, blockchain, and crypto-related news. He strives to serve the untold stories for the readers.