CCTV.com - CNTV English - CCTV News

Alibaba says Q1 net profit rises 33.8%

05-14-2010 09:36 BJT

HONG KONG, May 13 (Xinhua) -- Chinese e-commerce company Alibaba Group said Thursday its net profit in the first quarter this year rose 33.8 percent year on year to 330 million yuan (48.3 million U.S. dollars), which also represented a quarter-on-quarter increase of 17.4 percent.

In a statement filed to the Hong Kong stock exchange, the Hangzhou-based company said total revenue was 1.22 billion yuan ( 178.7 million U.S. dollars) in the first quarter of 2010 thanks to the increase in the number of paying members and the consolidation of HiChina's results. The revenue represented a 49.3-percent increase from a year earlier and a 10.4-percent increase from the fourth quarter of 2009.

The company said it had 658,701 paying members as of March 31, representing a 36.8 percent increase from a year earlier.

Revenue from the international marketplace increased to 718.9 million yuan (105.3 million U.S. dollars) in the first quarter, representing a 42.2-percent increase year on year and a 4.6-percent increase quarter on quarter, it said.

The growth was primarily due to the increase in the number of China Gold Supplier members and revenue from the sale of value-added services, said Alibaba, adding its China Gold Supplier members reached 100,694 as of March 31, representing an increase of 44,884 year on year and 4,584 quarter on quarter.

Alibaba also said its profit margin before interest, tax and amortization was 30.7 percent in the first quarter, a slight decrease from 31.9 percent in the same period last year and an increase from 23.5 percent in the fourth quarter of 2009.

Editor:Zheng Limin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program