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Alibaba Group expects 45-49% revenue growth in 2017

Alibaba Group Holding Ltd. expects revenue growth of 45-49% to $34.3 billion in the current fiscal year, ending in March 2018, Chief Financial Officer Maggie Wu said on Thursday. So, the growth rate of Alibaba's revenue may be record this year.

Analysts, polled by Bloomberg, on average, predict 31% revenue growth to $31.42 billion.

In the 2017 fiscal year ended March 31 Alibaba's revenue jumped by 56%, but the increase took into account the indicators of the Singapore start-up in the field of electronic commerce, which the company acquired earlier.

Alibaba owns the largest e-commerce platforms in China, including the most popular of them – Taobao.



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