Alibaba Group has reported its second-quarter 2018 consolidated revenues reached CNY80.920 billion (US$12.229 billion), increasing 61.25% on year. But net operating profit decreased 54.25% to CNY8.020 billion, while net profit dived 40.85% to CNY8.685 billion.
In June, the number of active customers increased to 576 million.
Strategy is similar to Amazon, they just do not have so strong cloud infrastructure to compensate.
It looks like you're new here. If you want to get involved, click one of these buttons!