yahoo in the United States today after the release of results, said in a telephone conference, an analyst with participation of alibaba group revenue surged 71% year-on-year in the first quarter of 2013, to $1.38 billion. Net profit rose 200% to $669 million. Ali is really growing at an amazing pace.
yahoo said that alibaba group in the first quarter gross margin nearly doubled, to $1.02 billion. Operating profit growth more than twice, to $709 million.
this is after the fourth quarter of last year, alibaba group has a second consecutive quarter net profit more than tencent. According to the financial report released tencent, in the first quarter of 2013, tencent profits of 4.0711 billion yuan ($649.4 million), rose 17.3%, compared with the same period last year growth of 37.4%.
since privatisation its B2B business last year, alibaba group has been not to disclose earnings, yahoo routine financial report for the outside world to learn the only way to open for alibaba financial indicators.
at present, the industry of alibaba group listed with high expectations. Analysts expect the alibaba the size of about $70 billion. Alibaba’s chief executive, Mr. Lu said recently that ali was ready for market.
in fact, alibaba good financial index is equal to the domestic electricity industry overall positive degree, China’s electricity is entering the outbreak period. With domestic electricity industry integration and evolution, practitioners and service providers will also be in the process to obtain corresponding bonus.