Hong Kong-listed B2B e-commerce platform, Alibaba.com released its results for the quarter ended 30th September 2011, with revenues seeing an increase of 11% over the same quarter last year to US$251 million.
Alibaba.com’s International Marketplace generated 59% of total revenues (US$149 million), a 12% year-on-year increase which the company attributed to revenue growth from Value-Added Service (VAS) and contributions from newly acquired businesses.
The company’s China Marketplace contributed to 35% (US$88 million) of revenues, a rise of 14% which was also attributed to the increase in revenues from VAS. Profit attributable to the equity owners in the quarter grew 12% to US$64 million. Diluted earnings per share were RMB 0.081 (US$0.013) in the quarter.
As of 30th September, registered users on Alibaba.com saw a 28% year-on-year increase to approximately 72.8 million. Of the total, nearly 24 million were registered on the International Marketplace and over 49 million on the China Marketplace. The company also recorded about 788,000 paying members from both marketplaces.
Source: Business Strategies Group Hong Kong