Hong Kong-listed Alibaba.com recorded revenues of US$206.9 million in the first half of 2008. That is a 48% increase year-on-year. Net income jumped 136% to US$102 million.  Alibaba.com’s interest income and currency exchange gains totaled US$24 million in the first half of 2008 compared to US$2.7 million in the same period last year. The company’s cash balance was US$844.5 million as 30th June 2008. Revenues from the China marketplace, Alibaba.com’s domestic sourcing website, increased by 84.6% in the first half. The US$70.4 million in revenues from the China marketplace represent 34% of total revenues. The International marketplace still generates more than 60% of the overall revenues at Alibaba.com.  As of 30th June, Alibaba.com’s two marketplaces had a total of 32.5 million registered users, a 32.5% year-on-year increase. Of that number, nearly 27 million are registered in the domestic China marketplace.  Source: Alibaba.com press release
NASDAQ-listed Xinhua Finance Media Limited (XFML) announced its second quarter revenues jumped 69% compared with the same quarter last year. For the quarter ended 30th June, revenues were US$48.9 million compared with US$29 million in the second quarter of 2007. Over 60% of revenues were generated by the company’s advertising business, nearly 30% from broadcast services and 10% from print.  Net income was US$800,000 in the second quarter and the company raised its full year revenue guidance by US$3 million to between US$198 million and US$208 million. XFML’s share price jumped 17% on the news.Source: XFML press release

BIIA Newsletter September 2008 Issue