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Alibaba growth slowest in three years
China’s prime commerce service provider listed quarterly an income of three dollars. 39 zillion, based on a Thomson Reuters SmartEstimate study of 28 observers. Alibaba is seen by many analysts as a bellwether for the state of consumer confidence in China. Alibaba didn’t share many details about its Koubei O2O play, but the company is optimistic about the future of that business. As much as $500 million may be invested, or about the same amount as Alibaba initially intended when it attempted to negotiate a deal with Snapdeal earlier this year before talks broke down over valuations.
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As well as missing revenue forecasts, Alibaba announced a $4 billion share repurchase programme over two years, which it said was primarily aimed at offsetting the impact of the company’s share-based compensation programmes and other factors that could dilute the share price. And it means that Alibaba’s mobile users are spending an average of US$195 per person per quarter, up from US$159 half a year ago. Institutional Investors own 20.8% of Company shares.
As for the revenues, it doesn’t come as a surprise that analysts are expecting the e-commerce giant to clock in first quarter revenues as $3.37 billion, projecting QoQ growth of no less than 24% on previous estimates.
Alibaba shares closed down almost 4% on Monday at $77.31 and touched an all-time low during the session. Effective August 01, 2014, Alibaba Investment Ltd, a unit of Alibaba Group Holding Ltd, acquired a 10.193% interest n Singapore Post Ltd.
The partnership was made possible mainly because the two firms aim to integrate Alibaba’s online platforms and Suning’s offline channels and create synergy in areas such as e-commerce and logistics.
Gross merchandise volume (GMV) – the total value of goods bought across Alibaba’s platforms – rose 34 percent to $105 billion, also marking the slowest pace since 2012.
The retail investors who bought at that lofty level would have been well advised to pay more attention to the section of Alibaba’s IPO filing that talked about its competitive landscape.
“We manage our business and execute our growth strategy for the long term, and short-term movement won’t affect our strategy”, chief executive officer Daniel Zhang said during a conference call. The Company is principally engaged through products, services and technology in online and mobile commerce.
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It is the most recent among the series of Alibaba’s acquisitions, as Massachusetts aims to diversify his massive New York-listed company, which is now being challenged by local competitors from Internet leaders Baidu and Tencent, and still continues to be unpopular outside China.