With less than a month before its initial public offering, the Alibaba Group is intent on showing just how profitable — and focused on mobile — it really is.
The Chinese e-commerce behemoth disclosed on Wednesday that its profit nearly tripled in the quarter ended June 30, to $2 billion. That represented a staggering 80 percent profit margin, given its $2.5 billion in revenue.
With its latest performance figures, Alibaba is likely to continue to stoke interest in its hotly anticipated market debut. The stock sale is expected to be one of the biggest ever, raising perhaps $20 billion and capping the emergence of China's Internet industry as powerfully growing sector.
Alibaba is expected to unveil the expected price range of its I.P.O. as soon as Tuesday, according to people briefed on the matter. That will kick off a two-week roadshow for investors that begins in Asia and then reaching the United States the week of Sept. 8.
The company hopes to then price its offering and begin trading sometime the week of Sept. 15, though these people cautioned that its plans may still change.
In the meantime, however, Alibaba is hoping that its latest results will whet potential investors' appetite for growth. Its adjusted earnings before interest, taxes, depreciation and amortization, which excludes some noncash charges and onetime items, rose 41 percent, to $1.4 billion.
Those numbers are impressive, but Alibaba is perhaps more eager to promote its gains in building out its mobile offerings.
Nearly a third of Alibaba's gross merchandise volume, or the value of goods sold on Alibaba's marketplaces, comes from mobile, compared with just 12 percent a year ago. And the number of the market operator's mobile monthly active users rose 15 percent over the previous quarter, to 188 million.
In some ways, the shift represents a lesson learned from the last giant Internet I.P.O., that of Facebook. As the social networking colossus went public in the spring of 2012, analysts began to question whether the company was adequately preparing for the explosion in smartphones and tablets, while investors appeared lukewarm about the stock. After all, at the time of its market debut, the site had only begun to show sponsored posts in users' mobile news feeds.
Now mobile ad revenue represents 62 percent of its total sales as of the second quarter of this year.
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