ALIBABA Group Holding Ltd. posted Friday its best revenue growth since the its initial public offering (IPO) in the United States in late 2014.

    But Alibaba was silent on the U.S. Securities and Exchange Commission (SEC) investigation into its accounting practices, which have long been the subject of criticism.

    In the three months to June 30, Alibaba also made more money from mobile shopping than from PCs for the first time, helping to send its shares up by more than 5 percent to US$92.10 in New York, its highest level in more than a year.

    “We never had any doubt that we would be able to deliver increasing monetization of our users,” executive vice chairman Joe Tsai told a post-earnings conference call.

    “This is a decoupling of revenue from GMV [gross merchandise volume],” he said, referring to a measure of the total value of goods transacted on Alibaba’s online shopping platforms.

    Despite GMV growth remaining low compared with previous years, rising 24 percent to 837 billion yuan, Alibaba is squeezing more money out of its e-commerce business, chiefly from advertising.

    That translated to quarterly revenues of 32.15 billion yuan (US$4.84 billion), a 59 percent rise from a year ago and the highest growth rate since late 2013.

    Chief financial officer Maggie Wu said the ratio of money Alibaba made from e-commerce transactions was higher for mobile users than non-mobile users for the first time, something investors had expressed scepticism about before its listing.

    Net income attributable to shareholders fell to 7.14 billion yuan from 30.82 billion yuan from a year ago, when Alibaba deconsolidated its film business. (SD-Agencies)