In the three months ending June, Alibaba Group Holding Ltd.’s revenues surged +61% - the fastest pace in more than four years.
The Chinese e-commerce giant’s revenues for the quarter was 80.9 billion yuan ($11.8 billion) which matched analyst estimates. Its net income – though dropped by -41% – still managed to come in at 8.7 billion yuan, topping estimates.
Buying a department store chain with 29 stores and 17 shopping malls last year, expanding Hema supermarket chain, increasing investments on data-centers for its cloud computing business, acquiring food delivery network Ele.me and video streaming site Youku – Alibaba’s aggressive investment/expansion strategies seem to be boosting revenues, while a part of it might be hurting margins.