Alibaba reported that in the first half of last year, the company reaped $244 billion in revenue, whereas it earned $206 billion in the same period of the previous year. Profit for the period amounted to $4.74 million, which was much less than $90 million it reaped in the first half of 2008.
China Travel 15 new agencies
China Travel, the Hong Kong-listed firm aims to own 40 China Travel agencies in the city by the end of this year and to have an extensive travel service network in Guangxi Zhuang Nationality Autonomous Region, Hunan Province and Fujian Province.
Chairman Zhang Xuewu said that the enterprise this year will receive between 20 and 30 hotel assets from State-owned Assets Supervision and Administration Commission to sharpen its competitive edge.