Sendai Mebuki Holdings Comment as Alibaba Increase Monthly Active Users by 104 Million
OSAKA, Japan--(BUSINESS WIRE)--May 17, 2019--
Sendai Mebuki Holdings reports as Alibaba, the Chinese multinational conglomerate has had an increase of 104 million active monthly users to its online retail market platform.
The tremendous growth has come from multiple successful strategies, including Alipay, a third-party mobile and online payment platform that implemented referrals to the central Alibaba retail marketplace. The application had taken the figure from 654 to 721 million with a quarter on quarter growth up around 22 million.
“China is opening its markets to satisfy its demands of Chinese consumers, and there is nothing close to Alibaba’s reach to Chinese consumers.” Added Hugh Russell, Head of Asset Management at Sendai Mebuki Holdings.
Economic analysts from Sendai Mebuki Holdings had seen an increase from Alibaba’s annual results, which showed that revenue and grown by 51 percent, $56.2 billion. The company’s net income had also increased by 31 percent at $31.1 billion.
Alibaba is continuing to demonstrate its market dominance in China, with its other business models all playing a vital part it has now grown its client database of active users.
“With more demand on a technological feature such as its recommendations, video content and increase of retailer products it seems to be translating into more users and shopping activity” commented Michael Fox, Head of Derivatives at Sendai Mebuki Holdings.
About Sendai Mebuki Holdings - Established in 2004 and situated in Osaka, Japan Sendai Mebuki Holdings has built a respectable reputation within the capital markets industry.
With over a decade of experience, Sendai Mebuki Holdings has delivered millions of financial transactions for its clients with efficiency; today the company possesses over ¥900 billion ($8.25 billion US dollars) of assets under management.
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CONTACT: Media Contact
Chi Ho-Jin, Private Equity Analyst,
31F Osaka Kokusai Building,
2-3-13 Azuchi-cho, Chuo-ku,
KEYWORD: ASIA PACIFIC JAPAN
INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL INTERNET RETAIL
SOURCE: Sendai Mebuki Holdings
Copyright Business Wire 2019.
PUB: 05/17/2019 06:16 AM/DISC: 05/17/2019 06:16 AM