eCommerce - Alive and kicking (1)
Hi Guys
with all the changes happening in China economics lately i have been seeing a lot of affiliates starting to be unsure if to continue their eCommerce campaigns as the red numbers were visible everywhere across the web.
well sometimes i get surprised. where a lot of people started to get rid of their stocks for the chines companies, Alibaba AGAIN show them all how big and steady they are and that they aren't going anywhere soon, they are here to stay!
Alibaba revenue rises 32 percent, beating expectations
"Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) reported a 32 percent rise in second-quarter revenue, beating analyst estimates, even as the value of goods transacted on its platforms grew at a slower pace.
Revenue rose to 22.17 billion yuan in the quarter ended Sept. 30, compared with the average analyst estimate of 21.25 billion yuan, according to Thomson Reuters I/B/E/S.
Alibaba's New York-listed shares were up 8.5 percent in premarket trading on Tuesday.
Gross merchandise volume (GMV), or the total value of goods transacted on its retail marketplaces in China, rose 28 percent to $112 billion."
the biggest growth was due to their mobile channel.
you can read all about this here:
http://www.reuters.com/article/2015/...0SL16H20151027
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