Chinese export enterprises need Alibaba

August 13th news, to build e-commerce platform for SMEs B2B e-commerce company – Alibaba Network Co., Ltd. (HK.1688) on August 13th announced the first half of the results as of the end of June 30, 2009. Reported that, driven by strong new paid members, Alibaba’s total operating income of 1 billion 714 million 900 thousand yuan in the first half, representing an increase of 21% over the same period in 2008, the actual net profit of $564 million 400 thousand.

the rapid rise in the number of e-commerce users around the world, as well as a substantial increase in the number of customers in China’s trading market is the biggest highlight of the report. Results showed that due to the economic downturn, companies around the world more and more use of electronic commerce to reduce costs and improve efficiency, the first half of 2009, the Alibaba of the two international and domestic market compared to the end of 2008 a total increase of 4 million 700 thousand registered users and 890 thousand online shops. In the second half of a number of historical records of the growth in the number of customers at the same time, also means that the first half of the Alibaba to improve the business model, the active investment strategies for customers, employees and technological infrastructure construction has significant effect.

optimistic about the prospects for the Chinese market and the prospect of confidence in Alibaba, Alibaba shares in Hongkong this year, 3 times. Investors believe that with China export recovery, more and more Chinese manufacturers would be willing to pay the Alibaba 400 to $3000 fee per year, in order to use Ali platform to publish their product information, and to find potential buyers. Leung, an analyst at CLSA in Hongkong, France, said: "the demand for such services by Chinese exporters is enormous," said Elinor."

many investors believe that the Chinese government’s $586 billion stimulus package will continue to help the Chinese economy, and Alibaba will benefit from this. The Alibaba report also disclosed that China’s suppliers in the second quarter can maintain the momentum of rapid growth. In the second quarter, the number of Chinese suppliers to a net increase of 14643, and once again break the record, a record high quarterly net growth. The total membership of China suppliers during the year ended June 30, 2009 amounted to 70453.

"we believe that the export version of Alibaba not only meet the needs of existing export customers, but also scored before the development of small business exporters market." Alibaba said.

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