Alibaba Hits New Milestone: One million customers

Posted by Joachim Bartels | Mar 23, 2011 | Uncategorized | 0 |

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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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.