Alibaba Group Q2 2012 Profit Up 130% YoY

SEC, 11/10/12

According to financial details disclosed in US search company Yahoo's Q3 2012 earnings report, Chinese e-commerce giant Alibaba Group, in which Yahoo holds a 24% stake, recorded revenue of USD 1.077 bln for the three months ended June 30, 2012, up 70.6% YoY. For the nine months ended June 30, 2012, Alibaba Group saw revenues of USD 2.91 bln, an increase of 74.3% YoY from USD 1.67 bln in the same period a year ago.

Q2 2012 net income attributable to Alibaba Group was USD 273.0 mln, up 130.0% YoY from USD 118.9 mln in Q2 2011. For the nine months ended June 30, 2012, net income attributable to Alibaba Group was USD 730.4 mln, up 300.8% YoY from USD 180.9 mln in the same period of 2011.

To view the complete report please see here.

Keywords: B2C Internet profit revenue Yahoo Alibaba Group fiscal report B2B e-commerce

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