How far can the euphoria over Alibaba Group Holding Ltd. go? Even by the standards of online retail, its rise has been extraordinary. Revenue has grown by an average 52 percent annually over the past five years. Its 158 billion yuan ($23 billion) of sales in the 12 months through March was more than 10 times the 2011 figure. Far from slowing down as it grows, Alibaba appears to be keeping up the pace: Revenue will increase 45 percent to 49 percent in its 2018 fiscal year, the company said at its investor day Thursday.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com