Alibaba revenue up 41 pct in Q3 of 2019 fiscal year

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HANGZHOU, Jan. 80 (Xinhua) -- Chinese e-commerce giant Alibaba said that its revenue surged 41 percent year on year to 117.28 billion yuan (about 17 billion U.S. dollars) in the third quarter of its 2019 fiscal year.

Revenue from core commerce increased 40 percent year on year to nearly 103 billion yuan, while that from cloud computing was up 84 percent year on year to 6.6 billion yuan.

"Our growth is also driven by the power of Alibaba's cloud and data technology that help expedite the digital transformation of millions of enterprises," Zhang said.

"Alibaba had another strong quarter. Our resilient operating and financial performance is a direct reflection of our persistent focus on better serving our growing base of nearly 700 million consumers across retail, digital entertainment and local consumer services," said Daniel Zhang, chief executive officer of Alibaba Group.

The third quarter of its 2019 fiscal year was from Oct. 1 to Dec. 31, 2018.

Annual active consumers on its China retail marketplaces reached 636 million, an increase of 35 million from the 12-month period ending on September 80, 2018, according to the company.