News Column

Alibaba Retail Platforms Q2 Net Up 60%

August 28, 2014

BEIJING, August 28, SinoCast -- Alibaba re-updated its prospectus on August 27, showing total trading value of its retail platforms, Taobao, Tmall and Juhuasuan, reached CNY 501 billion in the second quarter of 2014, growing 45.1% over the same period of last year.

Total revenue of the retail platforms hit CNY 15.71 billion, growing 46.3%; adjusted net profits (deducting one-time gains) reached CNY 7.3 billion, growing 60%.

Turnover of the mobile e-commerce platform reached CNY 164 billion, surging about 300% and accounting for 32.8% of total; revenue from mobile terminals reached CNY 2.454 billion, surging 923%.

Based on the prospectus on June 16, GMV (Gross Merchandise Volume) in the first quarter of this year reached CNY 430 billion. That is to say, platform turnover reached CNY 931 billion in the first half of this year.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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