Riding on the wave of strong growth in the Chinese e-commerce market, Alibaba posted a stellar 54% rise in revenue during the quarter ending September. Rising monetization on the mobile platform, coupled with 52% year-over-year increase in the annual active buyer base, fueled this solid performance. These results have taken Alibaba’s stock higher, and it now trades at around 55% premium to its IPO price of $68.
Source: Markets
Author
Harry Joiner
“… a dominant recruiter in the client-side multichannel ecommerce space …” — SearchEngineWatch.com