Chinese e-commerce giant Alibaba has smashed market expectations in the second quarter by posting its best-ever revenue since being listed on the American stock exchange in the late 2014, the Wall Street Journal reported.

Jack Ma's company's revenue surged by 59 percent to 32.15 billion Yuan ($4.84 billion), with earnings from online market platforms Taobao and TMall rose 49 percent from a year earlier.

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These numbers "might have surprised many, given the economic headwinds," said Alibaba Executive Vice Chairman Joe Tsai on Thursday.   

There were several notable factors that contributed to Alibaba's impressive revenue earnings. For the first time, the company saw a sharp rise in international sale, a definitive sign that it is making strides outside China. The results showed international sales increased by 123 percent to 1.1bn Yuan ($165m) from April to June.

The company attributed much of its international success to Lazada - a Singapore-based e-commerce company acquired by Alibaba recently. Experts say that Alibaba is more focused on trying to breakeven in emerging markets in Southeast Asia than the overly competitive US market.    

In another welcome sign, Alibaba monetized more earnings from mobile rather than PC for the very first time. The company's mobile consumers have increased to 427 million from 410 million over the past three months.   

The e-commerce giant's new cloud computing business, Alicloud, has also made solid strides. The company said that business from Alibaba increased 156 percent year-over-year to $187 million.        

"We passed an important milestone this quarter in achieving higher monetization of mobile users than non-mobile users for the first time, reflecting the success of our strategy to stay ahead of the curve by embracing mobile," said Maggie Wu, Alibaba's chief financial officer.

On Thursday, Alibaba remained silent on the U.S. Securities and Exchange Commission's ongoing investigation into the company's accounting practices. The Investigation launched earlier this month is assessing the company's third party transaction and data from its much famous annual Singles' Day shopping festival.

TagsAlibaba, Jack Ma, alibaba quarter report, Chinese E Commerce Company