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Alibaba International posts strong revenue growth, narrowing losses

The international commerce unit of e-commerce giant Alibaba posted strong top-line growth as it prepares for potential fundraising.

This article only represents the author's own views.

E-commerce giant Alibaba Group (BABA.US; 9988.HK) is best known as a juggernaut in its home China market. But its international arm is flexing its muscle to help prove that the company is more than just a Chinese act.

Alibaba International Digital Commerce Group (Alibaba International), whose major assets target both developed and developing markets such as Europe, Southeast Asia, the Middle East and South Asia, strutted its strong performance as a standalone business in its parent’s latest quarterly report released last Thursday, including strong double-digit revenue growth and a sharp reduction in its losses.

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