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- Alibaba Winport project
Alibaba.com Ltd (1688.HK) announced on 6th October that it will offer one year of free “Winport” service 旺铺 to Home Inns -如家快捷 (Nasdaq: HMIN) members, according to a report from cnstock.com.
The e-commerce product , which worth RMB 980, will be given to small- and medium-sized (SME) enterprises applying for membership at all Home Inns locations. Forty percent of Home Inns’ more than 1 million members are SME clients, reports by the stocks and investment portal.
Aliuser has come up with the fact that, as of June 30 2008, Home Inns operated a total of 366 hotels in 79 different cities across China and have covered 98 cities including hotels contracted.
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- What they do: Alibaba China’s Winport project
- What happens after Alibaba announcing 2008 interim result?
While many investors ask what will happen to the mainland after the Olympics, we will also ask what Alibaba will focus on after it has announced its interim result last week.
To a certain extent, the remarks made by Alibaba chief executive officer David Wei and the result itself were aimed at easing concerns over where and how the China largest B2B website will be heading to:
Going forward, we expect the robust growth of our China marketplace to continue. The recent launches of a series of new products and services including ‘Winport’, ‘China TrustPass for Individuals’ and ‘Export-to-China’ will further expand our China marketplace and we are encouraged by the positive response these initiatives have received so far
Our China marketplace accounted for 34.0% of total revenue in the reporting period and surpassed 36.1% in the second quarter of 2008, a significant increase when compared to a 27.2% contribution to total revenue in the first half of 2007. This shows the growing importance of the China marketplace to our overall business development.
In line with Alibaba.com(1688) earlier slogan of “Back to Basic”, Mr Wei is steering his ship back, trying to capitalize on the foreseeable strong growth in China domestic market.
Alibaba.com (1688) reported earnings results for the second quarter and first half ended June 30, 2008.
It reported total revenue of RMB1,415.2 million in the first half of 2008, representing a 47.8% increase from the first half of 2007. The year-on-year growth was driven mainly by increases in the number of paying members of our combined marketplaces and in average spending per paying member of the China marketplace.
Alibaba.com (1688) had 368,006 paying members as of June 30, 2008, representing a 44.0% increase from the same period a year ago.
|
Interim Results 2008 |
|
|
Total Revenue |
RMB 1415.2million |
|
Revenue from China marketplace |
RMB 481.6 million |
|
Operating Profit |
RMB 65.1 million |
|
Net Income |
RMB 697.2 million |
|
Earning per share (EPS), basic and diluted |
15.24 and 15.23 HK cents |
|
Registered Users |
|
|
Total no. of registered users on our marketplaces |
32.5 million |
|
No. registered users on international marketplace |
5.6 million |
|
No. registered users on China marketplace |
26.9 million |
|
Store Fronts |
|
|
Total supplier storefronts on our marketplaces |
3.7 million |
|
Supplier storefronts on international marketplace |
802,286 |
|
Supplier storefronts on China marketplace |
2,968,328 |
|
Paying Members |
|
|
Total no. of paying member |
368,006 |
|
Gold Supplier |
29,766 |
|
International Trust Pass |
13,912 |
|
ChinaTrustPass |
324,328 |
You can find a full report of the interim result here
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photo courtesty of DreamWorks SKG
Jack Ma, Chairman and Non-Executive Director of Alibaba.com made a forecast that the world economy situation would be as bleak as that in 2001, 2002 where the dot-com bubble have taken place. He warned that the “winter” would probably last as long as three years.
Yet, He still pledged his support to China exporters, manufacturers and suppliers in the wake of gloomy economic sentiment. He suggested that SME in China should behave and work like “ants” which managed to survive much longer than such mammals as lions and elephants through all these years.
“Our Winport project launched two days ago will charge as little fee as we can, we have been thinking to offer the services for free.” Mr Ma said in a recent interview with China Alibaba.com ( The interview was done in Mandarin though).
Alibaba raise investors’ eyebrows by reporting a strong net profit of 300.7 million yuan for the first quarter of 2008 on May 5th, a leap of 111. 7 percent year-on-year and 162 percent quarter-on-quarter, excluding the one-off interest income received from over-subscriptions during IPO in the fourth quarter of 2007. Find out the Full report here
Investors’ sentiments undoubtedly are still haunted by the painstaking experiences earned from the previous internet bubble burst, coupled with the emerging economic dark cloud in the United States, rising RMS value, escalating energy and food prices. Alibaba (1688.HK) closed at HK$14.14 per share last Friday.
Rumor surrounding Alibaba’s 8-year strategic plan stifled yesterday when the B2B China website officially disclosed her “Winport“ project on April 11.
The “Winport” project, dubbed ”Winport 旺铺” in its Chinese promotion, was made known to the public ever since it began drumming up massive efforts to invite 6,188 suppliers for its first trial early March. Alibaba China grants the first batch of users a 30-day access right to try out the new product.
According to its online promotion, one of the selling points of the project is that the paricipating suppliers will get their own domain names, they are no longer using a sub-domain for their stores. In other words, they can set up ”www. mystorename.cn”, an URL named after their unique store name. The package also comes with a few tools which enable them to
- manage their store fronts
- analyse web traffic
- set up mail box
It may be fun to see how flashy the online promotion it is, yet getting access to its information page needs patience and a pair of careful eyes to find the right button to click!
