Shanghai, Shenzhen & HK Market News: Alibaba, China Coal, Zhifei Bio

Alibaba.com Ltd (HKG: 1688), China's largest e-commerce platform, posted ¥1.53 billion in revenues and ¥452.5 million in net profits for Q1 2011, up 25.5% and 37.1% respectively from a year earlier. It attracted 3.2 million users and opened 300,000 online stores over the period, taking the total number to 65 million and 8.8 million respectively.

Source:
http://tech.qq.com/a/20110512/000412.htm

China Coal Energy Co (HKG: 1898), the nation's second biggest coal producer, said its output grew 13% year on year to 8.85 million tons and sales grew 16% year on year to 11.34 million tons in April. It produced 34.75 million tons of coal and sold 44.09 million tons in the first four months, up 6.9% and 22% respectively from the same period a year ago.
Source: http://cn.wsj.com/gb/20110512/BCH007715.asp

Chongqing Zhifei Biological Products Co (SHE: 300122) said it plans to purchase a 100% stake in Dutch company Bilthoven Biologicals for €65 million. Bilthoven Biologicals is a former subsidiary of the Netherlands Vaccine Institute and is in a position to participate in national vaccine research and development projects.
Source: http://finance.qq.com/a/20110513/000381.htm

$1 = ¥6.5 = €0.7