Alibaba Group Holding today reported quarterly results which showed net income rising 15.5% to $1.11 billion for the three months from July to September, meeting forecasts.
It was the Chinese e-commerce giant's first report to investors since its record-setting $25 billion listing in September.
The company said its revenue rose 53.7% to $2.74 billion, versus expected sales of $2.7 billion, its fastest growth in three quarters.
"We delivered a strong quarter with significant growth across our key operating metrics," said Jonathan Lu, chief executive officer of Alibaba in its earnings statement.
Mobile revenue was more than ten times higher than the same time last year and accounted for 22% percent of total revenues, as Alibaba continued to successfully ramp up its mobile monetisation.
Meanwhile, profit margins shrank to a two-year low of 18%.
