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 U.S. +1.407.788.2780     Germany +49.89.6.214.6044 info@aimgroup.com

Chinese e-commerce giant Alibaba (NYSE: BABA) saw Q4 revenue surge 51 percent year-on-year, reaching 93.5 billion RMB ($13.9 billion U.S.) and beating analyst expectations of 91.5 billion RMB. FY2018 revenue was also up 51 percent year-over-year, reaching 377 billion RMB ($56 billion U.S.) "[In] 2020, we expect revenue to be over 500 billion RMB,”  CFO Maggie Wu said.

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