Alibaba is China’s most profitable Internet company

alibaba posted in the fourth quarter of last year net profit of $640 million, more than the $550 million m of tencent and baidu’s $450 million in Chinese Internet companies first.

data show that in the fourth quarter of 2012, alibaba group revenue of $1.84 billion, up 80.4% from a year earlier. Gross profit of $1.35 billion, $690 million than the same period last year growth of 93.2%; Operating income of $750 million, $280 million than the same period last year growth of 167%; Net profit of $650 million, $250 million than the same period last year growth of 160%; Ownership of alibaba group net profit of $640 million, $230 million increased by 172% than the same period last year.

at the same time, tencent in the fourth quarter revenue of 12.1531 billion yuan ($1.9335 billion), 53.4% more than last year. Term profit of 3.4708 billion yuan ($552.2 million), 36.0% more than last year.

baidu fourth-quarter revenue of 6.335 billion yuan ($1.017 billion), up 41.6% from a year earlier. The net profit of 2.795 billion yuan ($448.7 million), up 36.1% from a year earlier.

it is important to note that alibaba group revenue in the fourth quarter of last year, behind tencent, but both revenue and net profit rose sharply ahead of tencent and baidu. Ali group fourth-quarter revenue year-on-year growth of 80%, net profit year-on-year growth of 167%; And tencent’s revenue year-on-year growth of 53.4%, during the period of earnings increased 36%; Baidu’s revenue growth of 41.6%, net profit growth of 36.1%.

alibaba coming into China’s most profitable Internet company. After alibaba announced tax reached 20 million yuan every day.