B2B marketplace Alibaba.com reported fourth quarter result. Its net profit reached RMB410.4 million, up 46% from a year ago. Total revenue increased 37.6% to RMB1,521.5 million.

For the whole year of 2010, revenue was RMB5.55 billion, representing a 43.4 percent increase from 2009 level. Full-year net income was RMB1.46 billion, representing an increase of 45.1%.

Credit Suisse analyst Wallace Cheung called this “a mixed set of result”. While Alibaba’s operating profit was 6% worse than he expected, due to more G&A expenses, its net profit was 13% better because of low tax rate.

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Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...