News this week: Hangzhou-based Alibaba.com posted its first quarter results yesterday. Total revenues were US$234 million, an increase of 25.5% over the same period last year. The company’s International Marketplace generated 59% of its total revenues (US$139 million), while its China Marketplace contributed another 34% (US$79 million).
Profit attributable to equity owners was US$69 million, up 37% compared to the first quarter in 2010. Diluted earnings per share were RMB 0.089 (US$0.0136) in the quarter.
Alibaba.com reported a strong increase in the number of registered users – rising by 29% to a total of 65 million. This figure includes 45.3 million users on its China Marketplace and 19.7 million users on the International Marketplace.
Paying users increased to more than 832,000 as of 31st March 2011 – a year-on-year increase of 26%. China Gold Suppliers (China-based paid users on its International Marketplace) rose 16% to 116,000.
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