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Alibaba has unveiled its financial results for the second quarter of fiscal year 2026. During this quarter, the revenue from e-commerce customer management experienced a 10% year-on-year increase. Moreover, the revenue generated from its instant retail business soared dramatically, with a 60% year-on-year surge.
As of October 31, around 3,500 Tmall brands have successfully secured access to instant retail offline stores. Throughout the Tmall Double 11 shopping extravaganza, the Taobao App witnessed a double-digit growth in its user base on a year-on-year basis. Close to 600 brands managed to achieve transaction volumes surpassing 100 million yuan. Additionally, the average daily orders for Tmall brand instant retail skyrocketed by 198% when compared to the figures in September.
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