Alibaba reported 2008 total revenue of RMB3.0 billion, an increase of 39% as compared to 2007. Excluding the non-recurring interest income from our initial public offering over-subscription proceeds in 2007, net income was up by 95%.
The number of registered users and online storefronts on Alibaba.com’s marketplaces increased by 10.5 million and 1.7 million, respectively, as buyers and sellers around the world saw the benefits of ecommerce to reduce costs and improve efficiency, especially during difficult economic times. New members signed up to Alibaba’s international marketplace in record numbers, with registered users growing by 3.5 million during the year to 7.9 million, up 80% year-on-year. Over one million new members joined Alibaba’s international marketplace during each of the third and fourth quarters of 2008, representing the biggest quarterly increases since Alibaba.com was founded. Alibaba added over 126,000 paying members to its marketplaces in 2008, which exceeded the growth it had in any previous year. Alibaba saw a record increase of 12,192 Gold Supplier members in the fourth quarter, driven by the November 2008 launch of our Gold Supplier Starter Pack and an upgrade of its existing Gold Supplier service. These gains were made despite China’s export sector experiencing its first negative growth in seven years during the quarter. To read the full story click on the link: Alibaba Press Release