Friday, July 13, 2012
News this week: Bloomberg reports that the Alibaba Group’s first half revenues will be more than US$1.8 billion for the six months ended 30th June. If accurate, that will be a year-on-year increase of more than 60%.
EBITDA earnings as a percentage of revenues increased from 35% in the first half of 2011 to 40% in the same period in 2012. The increase was attributed in part to increased advertising spend on Taobao and higher subscription fees on the Group’s Tmall.
According to a filing by Yahoo Inc in the U.S., in the fourth quarter of 2011, the Alibaba Group recorded a revenue increase of 88% to US$1.02 billion. For the 12 months ending 30th September 2011, the Group’s revenues were up 81% to US$2.35 billion, according to another Yahoo Inc filing.
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