China's Alibaba has confounded China's slowdown with a stronger than predicted 32% rise in 2Q2015, and has almost tripled revenue on mobile platforms to $1.66bn, an increasingly important sector for the company. However, the value of transactions on its platforms grew at a slower pace. The company said that it had seen "steady growth" in online payments since last year, but declined to give specific figures.
China's Alibaba has confounded China's slowdown with a stronger than predicted 32% rise in 2Q2015, and has almost tripled revenue on mobile platforms to $1.66bn, an increasingly important sector for the company. However, the value of transactions on its platforms grew at a slower pace. These results also added weight to recent comments by Alibaba's founder and chairman, Jack Ma, that concerns over slowing consumption in China were overdone.