Often described as the ‘Chinese Amazon’, the filing for e-commerce firm Alibaba’s IPO might persuade a few more people to start describing Amazon as the US Alibaba. The document sets out the company’s stats: 231m annual active buyers making an average of 49 orders a year; $248bn of annual sales value on its marketplaces in China; 136m mobile monthly active users; and $5.6bn of revenues and $1.4bn of net income in its last financial year. 82.7% of the company’s business came from its main three sites in China: Taobao Marketplace, Tmall and Juhuasuan. The company also owns an 18% stake in microblogging service Weibo and a 20% stake in messaging app Tango. What isn’t mentioned in the IPO filing is Alibaba’s acquisition of streaming music service Xiami, which was integrated into Taobao last year (Bulletin, 22-Apr-13).

EarPods and phone

Tools: platforms to help you reach new audiences

Tools: Kaiber

In the year or so since its launch, AI startup Kaiber has been making waves,…

Read all Tools >>

Leave a comment

Your email address will not be published. Required fields are marked *