sector: Technology ·
industry: IT Services & Consulting ·
As of
5:39am IST
18.22HKD
Alibaba.com Limited is an investment holding company. The Company’s subsidiaries are principally engaged in the provision of software, technology and other services on the online business-to-business (B2B) marketplaces with the uniform resource locators www.alibaba.com and www.alibaba.com.cn and under the trade name Alibaba. As of the December 31, 2008, the number of registered users on its international marketplace was 7.9 million. Alibaba.com Japan Co., Ltd. (Alibaba Japan), a wholly owned subsidiary of the Company engages in the provision of Japanese language B2B services on a site with the uniform resource locator www.alibaba.co.jp. On May 30, 2008, the Company entered into an agreement with SOFTBANK CORP. (SOFTBANK) under which SOFTBANK made investment into Alibaba Japan for a 64.7% interest. Alibaba.com will develop the Japanese B2B marketplace with SOFTBANK via Alibaba Japan.
BRIEF: For the nine months ended 30 September 2009, Alibaba.com Limited's revenues increased 26% to RMB2.77B. Net income decreased 24% to RMB731.9M. Revenues reflect an increase in income from International marketplace and higher sales income from China marketplace. Net income was offset by an increase in sales & marketing expenses, higher product development expenses and increased general & administrative expenses.
Alibaba.com Limited
2403-05 Jubilee Centre
18 Fenwick Street
Wanchai