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Alibaba revenue grows 32 percent in fourth quarter

Xinhua, January 28, 2016 Adjust font size:

China's e-commerce company Alibaba said Thursday night its revenue in the fourth quarter of 2015 jumped 32 percent year on year to 34.54 billion yuan (5.33 billion U.S. dollars).

The company's effort to increasingly monetize user activity on mobile devices paid off, with its mobile revenue soaring 192 percent to 18.75 billion yuan (2.89 billion U.S. dollars) in the fourth quarter.

"We remain focused on our top strategic priorities, including global imports, rural expansion, increasing our footprint in first-tier Chinese cities and building a world-class cloud computing business," Alibaba CEO Daniel Zhang said. Endi