To differenitate itself from Taobao.com, Alibaba Group has changed Taobao’s Tmall.com chinese name to 天猫. Tmall is designed
Alibaba’s third quarter 2008 earning results
Alibaba.com (HKSE 1688) reported earnings results of RMB308.6 million for the third quarter ended September 30, 2008.
According to the press release, Alibaba.com currently has 3.1 million registered users, 393,142 storefronts and 30,345 paying members during the quarter.
Finished the quarter in an exceptionally strong financial position with third quarter recurring free cash flow of RMB410 million, and over RMB6.1 billion of cash and bank deposits on the balance sheet and no debt.
The company also announced a share repurchase program of up to HK$2 billion (approximately US$258 million) through the end of 2009. Aliuser at Alirens.com found shares of Alibaba.com rose as high as HK$5.90 with 18.9 million shares changing hands today.
To check out a full earnings report through Alibaba’s press release.
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