Alibaba.com (HKG:1688) Expands Market Leadership and Seeks to Enhance Benefits to Members Through Increased Synergies with Alibaba Group

Hong Kong, Nov 10, 2009 AEST (ABN Newswire) - Alibaba.com Limited (HKG:1688), the world's leading business-to-business e-commerce company, today announced unaudited financial results for the quarter ended September 30, 2009, that show the Company's continued investment in customers is resulting in strong growth in customer acquisition, driving market leadership and future revenue potential. Alibaba.com also submitted a request to shareholders for renewed and expanded continuing connected transaction agreements with Alibaba Group that will allow increased benefits for Alibaba.com in building business volume and cutting costs.

Highlights

- Revenue in Q3 2009 up 32.1 percent y-o-y and 12.3 percent q-o-q

- Net additions of 14,415 China Gold Supplier members to reach a total of 84,868, up 175.2 percent y-o-y and 20.5 percent q-o-q

- Continued, steady growth of China TrustPass members with 33,623 net additions in the quarter to reach a total of 475,422 with 34.9 percent growth y-o-y and 7.6 percent growth q-o-q

- Deferred revenue up 42.1 percent y-o-y to reach RMB3 billion (US$434.6 million)

- International marketplace surpassed 10 million registered users with 51.6 percent growth y-o-y and 10.8 percent growth q-o-q with all marketplaces reaching a total of 45.3 million registered users and 6.1 million storefronts

- Quarterly net income declined 20.4 percent y-o-y as expected, as a result of previously announced continuing investments in customers, people and technology to position the Company for future growth


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Contact

For investor inquiries please contact: Lindy Lau Tel: +852 2215 5215 Email: lindylau@hk.alibaba-inc.com For media inquiries please contact: Linda Kozlowski Tel: +852 9028 5150 Email: lkozlowski@hk.alibaba-inc.com