Alibaba first half profits double

Alibaba (01688. HK) Chairman of the Board, Ma had said in an internal e-mail, the Internet has been the advent of winter, enterprises should be ready to "winter."

But yesterday's announcement of Ban Nianbao Alibaba has revealed that the company's total revenues increased to 1.4152 billion yuan compared with 2007 growth of 47.8 percent over the same period, net profit of 697.2 million yuan, up 136.2 percent; turnover and net profit increased 8 ring Percent and 32 percent. ,

Alibaba CEO Wei Zhe said that due to the booming Chinese domestic trade development, China's strong market momentum will continue. Since the first half of this year, Alibaba have launched a series of new products and services, including "Winport", "TrustPass Personal", individuals and businesses to reduce the threshold for the use of e-commerce, the more SMEs to promote e-business transition.

As of June 30, 2008, paid a total membership increased to 368,006, an increase of 44.0 percent. This quarter, an increase of 40,888 paying members, an increase of nearly double the previous quarter.

China's market of operating income in the first half of 2008 increased to 481.6 million yuan compared with 2007 growth of 84.6 percent over the same period, accounting for the first half of the total revenues of 34.0 percent, is accounted for the second quarter, total revenue of 36.0%, compared last year 27.2 percent over the same period of significant growth. China also paid membership reached 324,328, representing an increase of 10 over the same period last year, more than 10,000 people.

Wei Zhe said that taking into account the present stage of Chinese enterprises to reduce exports and increase imports of reality, Alibaba in August this year launched a new service "Export-to-China", so that the world can give entrepreneurs and SMEs are growing in China Buyers direct sales of products to help SMEs in the global import trade, and not just rely on the domestic export or domestic sales in the global economic crisis in the self-helping and supporting small and medium enterprises.

The latest move is Alibaba, Alibaba and the Government of Zhejiang Province, in cooperation within the framework of the implementation of the province "of 10,000 enterprises", to three years to 200,000 e-commerce enterprises on the road. "10,000 enterprises project" during the implementation of Alibaba, will be built specialized e-commerce platform, and gradually promote the enterprises to develop e-commerce, while Alibaba 40,000 enterprises will be free training to help them "understand e-commerce, e-commerce attention" . This initiative to help SMEs make better use of e-commerce to promote economic transformation and upgrading, while also promoting a certain extent, Alibaba's revenue growth.