2016 was a positive year for Freelancer, with the company delivering AU$51.9 million in cash receipts, its highest since inception.
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During the 2016 financial year, Freelancer experienced a record 37 percent increase in revenue, delivering AU$52.7 million thanks to a greater uptake of services and increased user and project acquisition.
The Sydney-headquartered freelancing and crowdsourcing marketplace has announced that it has acquired Nubelo and Prolancer, the company's top competitors in Spanish and Portuguese-speaking markets.
Ecommerce giant Alibaba has processed $1 billion in transactions via Alipay within the first five minutes of its annual shopping event.