• 21-FEB-2012

  • SOURCE: Alibaba.com

Alibaba.com Announces Q4 2011 and FY 2011 Results – Revenue Up 15.5%

Alibaba.com Limited (HKSE: 1688) (1688.HK), the world's leading small business e-commerce company, announced financial results for the final quarter (unaudited) and year ending December 31, 2011 as the Company continues to focus on improving user experience on its platforms. Alibaba.com saw 15.5% growth in total revenue in 2011, despite a decline in paid memberships, due to an increase in sales of value-added services (VAS) and a more balanced revenue mix. Total revenue grew from RMB5.56 billion [USD862.4 million] to RMB6.42 billion [USD995.7 million], year-on-year. 2011 added 14.5 million new registered users and more than 1.4 million storefronts on Alibaba.com's international and China marketplaces.