Invite colleagues
Chinese B2B e-commerce company, Alibaba.com has published its financial report for the third quarter ended September 30, 2009. A great result with CNY1.032 billion in revenue (from July to September 2009), an increase of 32.1% compared with the same period of last yea.
According to the press release, Alibaba Q3 had a revenue increase of 12.3% compared with Q2. However, its operating profit was CNY260 million, a decrease of 26.2% year-on-year and a drop of 5.8% over the previous quarter. The company's net profit was CNY236 million, a year-on-year decrease of 20.4% and a decrease of 5% over the previous quarter.
So the highlights from the company press release are:
- Revenue in Q3 2009 up 32.1% YoY and 12.3% QoQ
- Net additions of 14,415 China Gold Supplier members to reach a total of 84,868, up 175.2% YoY and 20.5% QoQ
- Continued, steady growth of China TrustPass members with 33,623 net additions in the quarter to reach a total of 475,422 with 34.9% growth y-o-y and 7.6% growth q-o-q
- Deferred revenue up 42.1% y-o-y to reach RMB3 billion (US$434.6 million)
- International marketplace surpassed 10 million registered users with 51.6% growth y-o-y and 10.8% growth q-o-q with all marketplaces reaching a total of 45.3 million registered users and 6.1 million storefronts
- Quarterly net income declined 20.4% YoY as expected, as a result of previously announced continuing investments in customers, people and technology to position the Company for future growth
Looks like the eCommerce sector is going to continue strong into 2010... a great sign for performance marketing specialists.
Source: Alibaba.com
Written on Sunday, 15 November 2009 10:58 by Matt McDougall