27.10.2015 - Alibaba improved results
The Chinese company Alibaba reported its results for the last quarter of this year, according to which revenues increased by 32% amid a sharp rise in revenue from mobile users. As a result, the company's revenue totaled 3.49 billion dollars. The company's profit amounted to 3.57 billion due to the revaluation of Alibaba Health by 2.93 billion. Given the strong position of the company in the market of e-commerce, as well as the expected increase in sales during the celebration of Thanksgiving in the US, we expect growth in the company's share price by 40-45% per annum until the end of the year.