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China's Alibaba.com posts 25 pct drop in Q1 profit
April 23, 2012 / 8:30 AM / 5 years ago

China's Alibaba.com posts 25 pct drop in Q1 profit

April 23 (Reuters) - Alibaba.com Ltd, China’s largest listed e-commerce company, posted a 25 percent slide in first-quarter earnings on Monday, weighed down by a shrinking paying member base as global economic uncertainty took a toll.

Alibaba.com, a unit of Alibaba Group, said January-March net profit fell to 339.2 million yuan ($53.8 million) from 452.5 million yuan a year earlier.

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