Employees at the headquarters of Alibaba Group Holding in Hangzhou, East China's Zhejiang Province on August 27. Photo: IC

Alibaba Group Holding, China's largest e-commerce company, posted a 32 percent year-on-year increase in fiscal second-quarter revenue, the company announced Tuesday.

The e-commerce conglomerate generated 22.2 billion yuan ($3.5 billion) in revenue during the quarter, which ended on September 30, according to its earnings statement released on Tuesday night.

Net income after paying deferred dividends jumped 665 percent to 22.8 billion yuan, the statement said.

According to marketwatch.com, Alibaba's net income in the quarter was also boosted by a $2.93 billion gain on the revaluation of its previous interest in Alibaba Health.

Total gross merchandise volume (GMV), or the total value of goods sold across Alibaba's platforms, reached 713 billion yuan, an increase of 28 percent, with GMV transacted on mobile platforms accounting for 62 percent, the statement showed.

"This was a great quarter for Alibaba, with strong growth across the board and particular outperformance in mobile," Zhang Yong, CEO of Alibaba Group, was quoted as saying in the statement.

Zhang attributed revenue growth to Alibaba's continuing "efforts to drive healthy GMV growth to deliver an unparalleled consumer experience and help quality merchants do business on our platforms."

Zhang noted that Alibaba is "winning in mobile and remains focused on top strategic priorities, including internationalization, expanding our ecosystem from cities to villages, and building a world-class cloud computing business."

Revenue generated on mobile platforms reached 10.5 billion yuan, jumped 183 percent year-on-year, while the growth of cloud computing and Internet infrastructure business accelerated, with revenue increasing 128 percent year-on-year to $102 million, according to the statement.

Analysts said Alibaba's "great performance" in the quarter showed not only success in the company's business strategies but in the growing online retail industry in China.

"This was a miracle," Liu Dingding, an independent IT analyst, said of Alibaba's revenue growth. "It is hard for any company to maintain even double-digit growth after a certain period of time, but Alibaba did it, with an impressive 32 percent," he told the Global Times on Tuesday.

Liu said such a level of growth showed that Alibaba's strategy of expanding to cloud computing, finance and logistics from its core e-commerce business worked very well, and that strategy will remain a key engine for the company's growth.

But more than that, the earnings also showed the online retail sector in China is growing, Wang Xiaoxing, an industry analyst from consultancy Analysys International, told the Global Times on Tuesday.

"Although the Chinese economy has slowed and the retail industry is slacking, online shopping is still booming," said Wang, noting that the spending power of Chinese online shoppers has helped Alibaba's earnings.

He said that online shopping is a trend that will continue for a long time as an increasing number of younger consumers turn to the Internet for shopping and more retailers adapt to online platforms.