Alibaba Hits New Milestone: One million customers and counting – while the Alibaba user community has reached 61 million.
Hong Kong-listed Alibaba.com released its 2010 financial results: Revenues in 2010 jumped 43% reaching US$843 million. The company’s International Marketplace generated 58% of total revenues (US$491 million), while its China Marketplace contributed another 34% (US$287 million). Net income grew 45% to US$223 million. Diluted earnings per share were RMB 0.29 (US$0.044) in 2010.
As a consequence of recent fraud cases by certain ‘Gold Suppliers’ Alibaba has taken an unprecedented step, in terms of policies and enforcement efforts, to foster safety and trust in its platform and business model.
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