Alibaba’s revenue on the international marketplace has reached USD 138.6 million (CNY 910.5 million) in Q1 2011, up 26.6 percent year-over-year and 3.3 percent quarter-on-quarter.
The company’s revenue on the local marketplace has amounted to USD 78.4 million (CNY515.2 million) in Q1 2011, representing a 26.8 percent increase year-over-year. Other revenue, mainly driven by HiChina, a provider of internet infrastructure services, has totalled USD 16.1 million (CNY 106.1 million) in Q1 2011, representing an 11 percent increase year-over-year and an 8.2 percent decrease quarter-on-quarter.
Alibaba’s gross profit for Q1 2011 has seen a 22.3 percent growth year-over-year, climbing to USD 191.0 million (CNY1, 254.7 million) from USD 156.2 million (CNY 1,026.3 million).The company’s total operating expenses have recorded USD 125.0 million (CNY 821.0 million) in Q1 2011, up 16.3 percent year-over-year from USD 107.5 million (CNY 706.1 million).
The financial results for the Q1 2011 have also indicated that the net profit has grown 37.1 percent year-over-year reaching USD 68.9 million (CNY 452.5 million) while the diluted EPS has increased 41.9 percent year-over-year.
Alibaba has seen its cash and bank balances grew 25 percent year-over-year to USD 1,433.0 million (CNY 9,414.9 million).
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