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Alibaba.com Q3 Revs at RMB 1b, Profit Sinks
Business-to-business e-commerce company Alibaba.com Ltd (1688.HK) saw its net profit attributable to equity holders sink 20.4% year-on-year and 5.3% quarter-on-quarter to RMB 236 million as the company followed through on planned investments in customers, people and technology, Alibaba.com announced November 10.
Total revenues grew 32.1% year-on-year and 12.3% quarter-on-quarter to RMB 1.03 billion, following annual and sequential increases of 45.3% and 8.9%, respectively, in the company's paying members to 578,901 by September 30. Subscribers consisted of 84,868 China Gold Supplier users, up 20.5% quarter-on-quarter, 18,611 Global Gold Supplier users, down 3.2% quarter-on-quarter, and 475,422 China TrustPass users, up 7.6% from the previous quarter.
Alibaba.com's registered user total reached 45.28 million by the end of the third quarter, up 27% annually and 5.8% sequentially, with 34.8 million registered users in the China marketplace. China storefronts grew by 46.9% year-on-year to 4.85 million by the end of the quarter.
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