Chinese online business platform operator Alibaba.com has seen a 48.6 percent increase y-o-y in its revenue stream to CNY 1.37 billion (USD 200.9 million) due to strong paying member acquisition and increased revenue from value-added services.

The number of paying members has continued to grow significantly. As of June 30, 2010, Alibaba had 712,867 paying members, representing a 34.1 percent jump from Q2 2009 and an 8.2 percent increase as compared to Q1 2010.  Alibaba added more than 51,000 customers for the China TrustPass program for marketing on its China website and it also gained 5,100 subscribers to the company’s export-oriented China Gold Supplier program.

In June 2010, Alibaba entered an agreement to acquire Vendio Services, a multi-channel e-commerce services provider, in a bid to expand its business outside its home market. The Chinese e-commerce company expects to announce more strategic partnerships, including acquisitions, in the next few quarters to build its wholesale e-commerce platform.

Yahoo Inc. owns a 39% stake in Alibaba Group. Alibaba Group also operates Taobao.com, an online shopping website, Alipay, an online payment service in China and Yahoo China, a Chinese-language portal service.