Alibaba quarterly revenue beats on strong holiday sales
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An employee walks past the Alibaba logo at the company’s headquarters outside of Hangzhou, China.
Carlos Barria | Reuters
An employee walks past the Alibaba logo at the company’s headquarters outside of Hangzhou, China.
Chinese e-commerce giant Alibaba's third-quarter revenue rose 32 percent, beating analysts' average estimate, helped by strong holiday sales.
Alibaba's U.S.-listed shares were up 4.6 percent at $72.72 in premarket trading on Thursday. (Get the latest quot
.)
Gross merchandise volume, or the total value of goods transacted on its platforms on China retail marketplaces, rose 23 percent to 964 billion yuan ($147 billion), its slowest annual growth rate in more than three years.
Alibaba is trying to replace decelerating volume growth in online shopping by expanding in other areas.
The Ford exhibit is shown on the first day of media preview days at the 2016 North American International Auto Show on January 11, 2016 in Detroit, Michigan.
Ford earnings, revenue beat estimates
It offered $3.7 billion to become sole owner of Youku Tudou, known as China's YouTube. Online video users in the country are beginning to cough up money for high-quality online streaming services.
But the majority of Alibaba's revenue still comes from China's online shoppers buying from domestic businesses, a business driven by growth in GMV.
Net income attributable to shareholders reached $1.93 billion, or 76 cents per share. Excluding items, Alibaba earned 99 cents per share.
Revenue rose to 34.53 billion yuan in the quarter ended Dec. 31, compared with the average analyst estimate of 33.33 billion yuan, according to Thomson Reuters I/B/E/S.
Alibaba competes with smaller rival JD.com, which has focused on more affluent shoppers in China's biggest cities, a strategy that may be paying off in an economy that last year grew at its weakest pace in a quarter of a century.
While the two companies calculate the total value of goods sold, or GMV, differently, JD.com's GMV grew 82 percent in the nine-months to September while Alibaba's rose 34 percent, suggesting China's biggest e-tailer was losing market share.
Earlier this month, Alibaba Chief Executive Daniel Zhang said the company will pivot towards "first-tier" cities like Beijing, Shanghai, Shenzhen and Guangzhou, after having trumpeted a push into China's countryside, as well as abroad.
— Reuters contributed to this report.
CORRECTION: This story has been corrected to say gross merchandise volume rose to 964 billion yuan, not 964 million yuan.
http://www.cnbc.com/2016/01/28/alibaba-reports-q3-earnings.html 
ขายของผ่านnet จีนรุ่งสุดๆ อะลีบาบา กำไรเพิ่ม 32 %
CNBC.com staff | @CNBC
11 Mins Ago
CNBC.com
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COMMENTSJoin the Discussion
An employee walks past the Alibaba logo at the company’s headquarters outside of Hangzhou, China.
Carlos Barria | Reuters
An employee walks past the Alibaba logo at the company’s headquarters outside of Hangzhou, China.
Chinese e-commerce giant Alibaba's third-quarter revenue rose 32 percent, beating analysts' average estimate, helped by strong holiday sales.
Alibaba's U.S.-listed shares were up 4.6 percent at $72.72 in premarket trading on Thursday. (Get the latest quot
Gross merchandise volume, or the total value of goods transacted on its platforms on China retail marketplaces, rose 23 percent to 964 billion yuan ($147 billion), its slowest annual growth rate in more than three years.
Alibaba is trying to replace decelerating volume growth in online shopping by expanding in other areas.
The Ford exhibit is shown on the first day of media preview days at the 2016 North American International Auto Show on January 11, 2016 in Detroit, Michigan.
Ford earnings, revenue beat estimates
It offered $3.7 billion to become sole owner of Youku Tudou, known as China's YouTube. Online video users in the country are beginning to cough up money for high-quality online streaming services.
But the majority of Alibaba's revenue still comes from China's online shoppers buying from domestic businesses, a business driven by growth in GMV.
Net income attributable to shareholders reached $1.93 billion, or 76 cents per share. Excluding items, Alibaba earned 99 cents per share.
Revenue rose to 34.53 billion yuan in the quarter ended Dec. 31, compared with the average analyst estimate of 33.33 billion yuan, according to Thomson Reuters I/B/E/S.
Alibaba competes with smaller rival JD.com, which has focused on more affluent shoppers in China's biggest cities, a strategy that may be paying off in an economy that last year grew at its weakest pace in a quarter of a century.
While the two companies calculate the total value of goods sold, or GMV, differently, JD.com's GMV grew 82 percent in the nine-months to September while Alibaba's rose 34 percent, suggesting China's biggest e-tailer was losing market share.
Earlier this month, Alibaba Chief Executive Daniel Zhang said the company will pivot towards "first-tier" cities like Beijing, Shanghai, Shenzhen and Guangzhou, after having trumpeted a push into China's countryside, as well as abroad.
— Reuters contributed to this report.
CORRECTION: This story has been corrected to say gross merchandise volume rose to 964 billion yuan, not 964 million yuan.
http://www.cnbc.com/2016/01/28/alibaba-reports-q3-earnings.html