Here is the latest report that Alibaba.com, the world’s leading small business e-commerce company, today announced unaudited financial results for the quarter ended March 31, 2012.
According to a recent data released from the company, “In the first quarter, we remained focused on our goal of providing exceptional buyer and seller experiences by enhancing the quality and depth of product and company information available on our platforms,” said Jonathan Lu, CEO and Executive Director of Alibaba.com.”
“As expected, our continuing investment in upgrading our business model and our higher membership standards for suppliers has negatively impacted our financial performance. Nonetheless we strongly believe that information quality and member quality are fundamental for our success and business model upgrading will further benefit both customer and our business in the future. We are positive that these efforts will ultimately benefit our SME customers.”
“As of the end of March, Alibaba.com had 753,955 paying members on its international and China marketplaces, representing a 1.5 percent decrease from the end of 2011. The decline was a result of its refocus to enhance information quality and member quality instead of boosting the number of paying numbers.”
“Total revenue for the period was RMB1,589.1 million (USD252.2 million),a 3.7 percent increase year-onyear and 4.2 percent decrease quarter-on-quarter. The slight increase year-on-year was due to the increase in non-membership revenue, partially offset by the decrease in membership revenue. The quarter-on-quarter decrease was due to the drop in in-service customers and the seasonality effect on non-membership revenue due to the Chinese New Year holidays.”
For more information about Alibaba’s Q1 Earning Report of 2012, visit here.