aug 2022 update - celebrating DS *SK &AC
Thursday, December 29, 2016
What is worth noting here, is the powerful feature of live broadcast available within Taobao. The live stream option allows online shop owners to engage customers, allowing them to participate in live auctions or demonstrations of various products being sold. Users are free to interact with store owners by typing through the chat displayed on the bottom of the livestream. Thanks to these live commercials, the MAU skyrocketed, bringing about a 100 percent increase over the year. The virtuous cycle brought about by live broadcasts and short clips further drove purchases and increase annual active consumers.
Furthermore, cross-border and international retail continued to show promising growth as well. Net revenue gained from international e-commerce retail amounted to 4,316 million yuan in the quarter ending on June 30, 2018. This was yet another incredible 64 percent year-on-year growth.
Daniel Zhang, CEO of the Alibaba Group says that, “Alibaba had another excellent quarter, with significant user growth and even more robust engagement across our growing ecosystem.”
Zhang also indicates that Alibaba will continue to tap into big markets beyond e-commerce with digital entertainment and local services that will provide more value and additional choices to consumers along the consumption continuum.