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Alibaba H1 2008 Profits up 136%

Alibaba Press Release, 8/27/08

Chinese B2B e-commerce firm Alibaba (1688.HK) has announced its interim financial results for H1 2008, with net revenues reaching RMB 1.4 bln, up 47.8% year-on-year.

Net income attributable to equity owners for the half-year came to RMB 697.2 mln, up 136.2% YoY.

Revenue from the international market during the period came to RMB 933.4 mln, up 34.0% YoY. Revenue from the Chinese market came to 84.6% YoY.

Total registered users are now 32.5 mln, up 32.5% YoY, and total storefronts are 3.8 mln, up 54.1% YoY. Total paying members are 368,006, up 44% YoY.

To see Alibaba's full report, please click here.

Keywords: profit fiscal report 1688.HK Alibaba B2B e-commerce H1 2008 Internet revenue

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