According to Yahoo’s latest regulatory filing, China’s largest e-commerce company, Alibaba Group, recorded revenue of US$1.84 billion in the fourth quarter of 2012 – up 80% over same period in 2011. Net income during the period was US$642.2 million, an impressive jump of 171% from the US$236.9 million recorded in Q4 2011.
Alibaba recently changed its financial calendar to end in December from September previously. The company’s revenue for the full year ending September 2012 was US$4.1 billion, up 78% year-on-year, while net profit was US$484.5 million – up 81% compared with 2011.
Source: Business Strategies Group, Hong Kong www.bsgasia.com