Paying membership base up 45.3%
eCommerce firm Alibaba.com has reported revenue of RMB1.03 billion for the third quarter of 2009, an increase of 32.1% compared to RMB781.5m for the same period last year. Revenue was up 12.3% on a sequential basis.
The company has posted an operating profit of RMB260m, a decrease of 26.2% compared to RMB352.3m for the same period a year ago. Operating income was down 5.8% compared to second quarter of 2009.
For the quarter ended September 30, 2009, the company has posted a net income of RMB236m or diluted EPS of RMB0.53, compared to RMB296.6m or diluted EPS of RMB0.67 for the third quarter of 2008. Net income was down 20.4% year-on-year and down 5.3% quarter-on-quarter.
Revenue from China marketplace was RMB378.3m during the period, a 28% increase year-on-year and a 13.4% increase quarter-on-quarter. The growth was attributable to the increase in paying members, revenue from value-added services like Ali-ADvance and premium placement and the growth in revenue from branded advertisements. Revenue from international marketplace was RMB639.3m in the period, a 33.7% increase year-on-year and an 11.2% increase quarter-on-quarter.
As of September 30, 2009, the company had 578,901 paying members, representing a 45.3% increase from the third quarter of 2008 and an 8.9% increase from the second quarter of 2009.
The company’s deferred revenue and customer advances grew to RMB3 billion as of September 30, 2009, representing an increase of 42.1% year-on-year and 7.4% quarter-on-quarter.
David Wei, chief executive officer of Alibaba.com, said: “As we look at the indicators we saw before the downturn and as we enter recovery, we see a stronger economic environment in Q4 and we remain cautiously optimistic for next year to remain relatively flat.
“We look to global signs of gathering momentum in the export sector as well as domestic consumption in some countries to have a positive impact on all our small business customers globally and we believe e-commerce will provide great support for small businesses to upgrade and grow.”