Alibaba reveals sales figures in latest IPO filing

This is the first time the Hangzhou, China-based company has released sales figures for Taobao and Tmall.


Alibaba Jack Ma Taobao Tmall


Venture Beat reported that Alibaba revealed sales figures for its two main shopping sites, Taobao and Tmall, as well as a list of the 27 people who control more than half of the company’s board nominations. This is the first time the Hangzhou, China-based company has released sales figures for Taobao and Tmall.

 Taobao, a marketplace selling everything from children’s clothing to a trip to space, managed $177 billion in transactions last year, while Tmall, a spin-off of Taobao that hosts retailers and brands, only wrangled $70 billion. To put those numbers in perspective, Amazon did about $100 billion in transactions last year, according to the Wall Street Journal.

Alibaba also divulged the names of the 27 members who hold sway over board member nominations. Of those, 22 are from company management like CEO Jonathan Lu and executive chairman Jack Ma; four are executives from financial affiliate Small and Micro Financial; and one executive is from China Smart Logistics — a logistics company that Alibaba created in partnership with other Internet retailers.