Hong Kong, 6th May: Alibaba.com announced its first quarter results on Wednesday. For the quarter ended 31st March 2009, revenues were US$118 million – a 19% increase compared with the same quarter in 2008. Net income dropped by 16% to US$37 million. Management attributed the fall in profits to the ongoing investments the company is making in customer acquisition, staff increases and new technology to better position Alibaba.com for future growth. 

Revenues from the International Marketplace were US$74 million, an increase of 9% year-on-year. According to management, the growth was mainly due to the increase in the number of “Global Supplier Starter Pack” members. China Marketplace revenues jumped by 39% year-on-year reaching US$44 million. The proportion of revenues from China Marketplace increased slightly to 37%. The total number of registered users on both marketplaces now exceeds 40 million – 8.6 million in the International Marketplace and 31.6 million in the China Marketplace. As of 31st March, the number of paid users was 481,575. Of that total, the number of Gold Suppliers was 55,810 – nearly double last year’s figure.  Source: Alibaba.com press release   Business Strategies Group www.bsgasia.com

BIIA Newsletter May 2009 Issue