Alibaba reported B2B e commerce market continues to improve

Alibaba reported B2B e commerce market continues to improve

Abstract: B2B is a leading global e-commerce company — Alibaba limited company of network 6 announced the first quarter earnings growth in the 19% quarter of Alibaba company revenue, according to the B2B e-commerce market under the background of international financial crisis continues to improve. B2B is a leading global e-commerce company — Alibaba limited company of network 6 announced the first quarter earnings growth in the 19% quarter of Alibaba company revenue, according to the B2B e-commerce market under the background of international financial crisis continues to improve.

according to the first quarter of this year as of March 31, 2009 earnings, Alibaba achieved operating income of 807 million yuan, an increase of 19% over the same period in 2008, the actual net profit of $253 million, an increase of $27%. From the earnings report, Alibaba’s international and domestic two trading market a total of nearly 40 million 300 thousand registered users, representing an increase of 36% over the same period last year, an increase of 6% compared with the end of the previous quarter. This shows that the economic crisis on the line of business transformation of the Internet forced effect is obvious, companies around the world more use of e-commerce in the economic downturn to reduce costs and improve efficiency. Results also revealed that the Alibaba will continue to invest in the next few quarters, more high-end, for the development of small and medium-sized enterprises with better customer products, including the new multi language online platform, adding Alipay online payment scheme etc.. Earnings Disclosure, Alibaba at the end of the first quarter of cash and bank deposits of more than 6 billion 900 million yuan, no debt, an increase of 28%.

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