Chinese Internet giant Alibaba has officially filed for an IPO. The $1 billion fundraising target that Alibaba gives is just a place-holder, and it will likely be raising much more, according to New York Times reporter Michael de la Merced.
Revenue for nine months ending March 31 2013 was $6.5 billion, which is up 57% year-over-year. Net income over that same period was $2.9 billion, which is up 305% year-over-year.
Alibaba is a Chinese e-commerce company with several businesses, including Taobao, a site similar to eBay, and Alibaba.com, a wholesale marketplace.
Here are some important numbers you should know:
- Founder Jack Ma owns an 8.9% stake in the company
- Gross merchandise volume is $248 billion
- It has 231 million annual active buyers
- 76.2% of total mobile retail GMV in China came from Alibaba sites
- Alibaba had 20,884 full-time employees as of December 2013 (most of them in China)
Here is a table summary of Alibaba’s financial performance (click to enlarge):
The company also created several infographics to explain how it works and its scale (click to enlarge):
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