What happens after Alibaba’s 2008 interim result?
While many investors ask what will happen to the mainland after the Olympics, like the rest of shareholders, Aliuser at Alirens.com will also ask what Alibaba will focus on after it has announced its interim result last week.
To a certain extent, the remarks made by Alibaba chief executive officer David Wei and the result itself were aimed at easing concerns over where and how the China largest B2B website will be heading to:
Going forward, we expect the robust growth of our China marketplace to continue. The recent launches of a series of new products and services including ‘Winport’, ‘China TrustPass for Individuals’ and ‘Export-to-China’ will further expand our China marketplace and we are encouraged by the positive response these initiatives have received so far
Our China marketplace accounted for 34.0% of total revenue in the reporting period and surpassed 36.1% in the second quarter of 2008, a significant increase when compared to a 27.2% contribution to total revenue in the first half of 2007. This shows the growing importance of the China marketplace to our overall business development.
In line with Alibaba.com(1688) earlier slogan of “Back to Basic”, Mr Wei is steering his ship back, trying to capitalize on the foreseeable strong growth in China domestic market.
Alibaba.com (1688) reported earnings results for the second quarter and first half ended June 30, 2008.
It reported total revenue of RMB1,415.2 million in the first half of 2008, representing a 47.8% increase from the first half of 2007. The year-on-year growth was driven mainly by increases in the number of paying members of our combined marketplaces and in average spending per paying member of the China marketplace.
Alibaba.com (1688) had 368,006 paying members as of June 30, 2008, representing a 44.0% increase from the same period a year ago.
|
Interim Results 2008 |
|
|
Total Revenue |
RMB 1415.2million |
|
Revenue from China marketplace |
RMB 481.6 million |
|
Operating Profit |
RMB 65.1 million |
|
Net Income |
RMB 697.2 million |
|
Earning per share (EPS), basic and diluted |
15.24 and 15.23 HK cents |
|
Registered Users |
|
|
Total no. of registered users on our marketplaces |
32.5 million |
|
No. registered users on international marketplace |
5.6 million |
|
No. registered users on China marketplace |
26.9 million |
|
Store Fronts |
|
|
Total supplier storefronts on our marketplaces |
3.7 million |
|
Supplier storefronts on international marketplace |
802,286 |
|
Supplier storefronts on China marketplace |
2,968,328 |
|
Paying Members |
|
|
Total no. of paying member |
368,006 |
|
Gold Supplier |
29,766 |
|
International Trust Pass |
13,912 |
|
ChinaTrustPass |
324,328 |
You can find a full report of the interim result here
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