China's biggest e-commerce company Alibaba has reported its fourth quarter earnings at 5.36 billion Yuan ($832 million), up from 2.89 billion Yuan in the corresponding quarter of last year. Its revenue for the quarter stood at 24.18 billion Yuan ($3.75 billion), up 39 percent on a year-on-year basis. The company's gross merchandise volume in China was reported at $115 billion, up 24 percent.

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Despite the overall growth, Alibaba's adjusted earnings fell short of market expectations. The company suffered an $82 million loss in other income. After adjusting for one-off items, its EPS was reported at 47 cents per share, trailing behind market expectations of 60 cents in earnings per share. Its revenue expectation was pegged at $3.59 billion.

In a statement, Alibaba Chief Executive Office Daniel Zhang said, "We achieved strong growth in mobile users, active buyers, and transactions." Alibaba also reported that it had 423 million active buyers, up by 16 million from the previous quarter. Meanwhile, the company's cloud computing and Internet infrastructure business revenue reported a 175 percent growth on a year-on-year basis.

The company reported that its Gross Merchandise Value (GMV) from mobile platforms also increased. Its share increased from 68 percent in the previous quarter to 73 percent. In Q4, the number of Alibaba's mobile monthly active users stood at 410 million, up by 42 percent.

Alibaba's results are important not only from the company's point of view but also from a broader economic viewpoint. The increase in revenue and net income shows that Chinese consumers are still going strong. Alibaba is also diversifying itself beyond e-commerce through its financial and media arms.

TagsAlibaba, daniel zhang