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Hong Kong Exchanges and Clearing, 3/18/11

Chinese B2B e-commerce company (1688.HK) has announced its unaudited financial results for the full year ended December 31, 2010 with total revenue up 43.4% YoY to RMB 5.56 bln.

Profit attributable to equity holders of the company rose 45.1% to RMB 1.47 bln.

Revenue from the China marketplace increased to RMB 1.89 bln in the period, up 33.9% YoY. Revenue from the international marketplace rose 34.5% YoY to RMB 3.25 bln. Revenue from other markets rose 702.3% YoY to RMB 425.5 mln.

Total registered users rose 29.5% YoY to reach 61.80 mln, with international registered users up 55.7% YoY to 18.02 mln and domestic registered users up 21.1% YoY to reach 43.8 mln. Total storefronts rose 25.3% YoY to reach 8.54 mln, with 1.70 mln in the international marketplace, up 21.2% YoY, and 6.85 mln in the China marketplace, up 26.3% YoY.

The total number of paying members at the end of 2010 was 809,362, up 31.6% YoY, with the number of China Gold Supplier memberships up 26.2% YoY to reach 121,274, while the number of Global Gold Supplier memberships fell 41.3% YoY to 10,434, and China TrustPass memberships rose 35.2% YoY to 677,654.

As of December 31, 2010, HiChina had approximately 2.1 mln domain names under service and the total number of paying members for other non-domain name services was around 270,800.

As of December 31, 2010, the total loans issued by Alibaba's partner banks to paying members were more than RMB 24 bln. Approximately RMB 18 bln of these loans were outstanding as of the end of 2010.

To view Alibaba's complete financial report, please click here.

Keywords: 2010 B2B e-commerce Internet profit revenue users HiChina domain name registered users TrustPass 1688.HK fiscal report Gold Supplier


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