--File--People visit the stand of Alibaba during a fair in Shanghai, China, 5 March 2011. Chinese e-commerce company Alibaba Group Holding Ltd. ex
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Imaginechina Limited / Alamy Stock PhotoImage ID:
W9553DFile size:
19.2 MB (540.7 KB Compressed download)Releases:
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3072 x 2181 px | 26 x 18.5 cm | 10.2 x 7.3 inches | 300dpiDate taken:
5 March 2011Photographer:
ImaginechinaMore information:
--File--People visit the stand of Alibaba during a fair in Shanghai, China, 5 March 2011. Chinese e-commerce company Alibaba Group Holding Ltd. expects growth this year to be very robust, its chief financial officer said. Joe Tsai said in an interview Thursday (7 June 2012) that the groups revenue reached $2.8 billion last year, aside from roughly $1 billion in revenue for its Alibaba.com Ltd. online-trading unit, whose shares are traded in Hong Kong but which the group is in the midst of taking private. Mr. Tsai said average margins exceed 40% for all units, and 50% for Taobao and Tmall, Chinas biggest online shopping websites by sales. Daniel Zhang, president of the business-to-consumer unit Tmall, said separately that consumer-electronics transactions on the site will reach 50 billion yuan ($7.86 billion) this year, up from 20 billion yuan last year. Mr. Zhang said Tmall is spending 200 million yuan in subsidies to electronics merchants to help them deal with rising competition and aggressive price cutting.