According to Pomegranate, Alibaba has seen a significant growth in its gross sales value (GMV) last year.
According to Iran digital economy annotation, the report shows that the total value of the company’s gross sales has increased by more than 60% to about 500 million euros, and at the same time, with a focus on improving profitability, the company’s earnings before interest, taxes and depreciation (EBITDA) have also nearly doubled.
Pomegranate has also announced that with Alibaba on the threshold of profitability, the valuation of this company has increased from around 50 million euros to 77 million euros; However, to stabilize this figure, there is a need for more transparency.
Pomegranate venture capital company owns a total of 2.8% of Alibaba Group’s shares.
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