Alibaba Q1 Profit Up 112%

Alibaba Press Release, 5/06/08

Chinese B2B e-commerce company Alibaba (1688.HK) has issued its earnings report for Q1 2008, with net revenues reaching RMB 680.1 mln, up 53.2% year-on-year and 7.2% quarter-on-quarter.

Net income for the quarter came to RMB 300.7 mln, up 111.7% YoY and 162.0% QoQ

The total number of registered users for Alibaba's marketplaces grew to 29.7 mln, an increase of 37.3% year-on-year and 7.6% quarter-on-quarter. Of this 4.9 mln were registered on Alibaba's international marketplace and 24.8 mln were registered on its Chinese marketplace.

The total number of storefronts on Alibaba's marketplaces grew to 3.2 mln (753,066 international, 2.5 mln Chinese), and the number of paying members increased 35.6% YoY to 327,118.

To view Alibaba's full earning report, please click here.

Keywords: 1688.HK Alibaba B2B e-commerce Internet Q1 2008 registered users fiscal report

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