Alibaba Adds Another 10 Million Registered Users YOY

Alibaba.com Reports Robust Growth in Customers in Q1 2010

Customer-centric strategy yields solid financial results

Highlights

• Registered users surged past 50 million milestone as of March 31, an addition of 2.5 million during Q1 2010 (an increase of 10 million year-on-year)


• China Gold Supplier paying members surpassed 100,000 milestone


• China marketplace registered a record net addition of more than 40,000 China TrustPass members during the quarter, driven by successful launch of new business initiatives


• Revenue grew 49.3 percent year-on-year to RMB1.2 billion (US$178.7 million), driven in large part by strong acquisition of paying members


• VAS revenue growth reported steady growth, VAS revenue contribution to China Gold Supplier revenue exceeded 20 percent in Q1


• Profit attributable to equity owners increased 33.8 percent year-on-year to RMB 330.0 million (US$48.3 million)


• Deferred revenue and customer advances grew 43.6 percent year-on-year to RMB3,567.9 million (US$522.4 million) by the end of March 2010


• Continued strong financial liquidity, with recurring free cash flow (non-GAAP) increasing by 27.9 percent year-on-year to RMB438.4 million and cash balance increasing by 8.4 percent year-on-year to RMB7.5 billion (US$1.1 billion)

HONG KONG--(BUSINESS WIRE)--Alibaba.com Limited (HKSE:1688) (1688.HK), the world's leading small business e-commerce company, today announced solid financial results for the quarter ended March 31, 2010, that highlight how our small business customers benefit from the ongoing value creation of our products and services. In the first quarter of 2010, Alibaba.com’s revenue increased more than 49 percent year-on-year, driven largely by strong net acquisition of paying members, while profit attributable to equity owners of the Company increased 33.8 percent year-on-year, and 17.4 percent quarter-on-quarter.

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