video Finance Videos
Alibaba's sales grow 54 percent
Tuesday, November 04, 2014 - 01:42
The Chinese e-commerce giant added 29 million mobile users in the latest quarter. That's more than the population of Texas. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
Alibaba's first report card as a public company showed it was a fast grower but not a standout straight A student. The Chinese e-commerce giant's quarterly profit rose and met expectations. But its profit margins fell as it boosted services and invested in more things like its mobile operating system. Revenue soared nearly 54 percent despite the slowdown in the Chinese economy, beating forecasts. Alibaba grew sales at its online marketplace, Taobao, by adding new categories like baby products and car accessories. But get this: Mobile grew wildly. Alibaba added 29 million mobile users in just the last three months. That's more than the population of Texas And its mobile revenue grew 1000 percent over the past year. Mobile makes up more than a fifth of revenue, and Alibaba is monetizing more of it. Morningstar's senior e-commerce analyst, R.J. Hottovy: (SOUNDBITE) R.J. HOTTOVY, SENIOR E-COMMERCE ANALYST, MORNINGSTAR (ENGLISH) SAYING: "The percentage of mobile transactions as a percentage of the overall ecosystem, relative to a lot of the global peers that are out there, whether be Amazon, or eBay, or even if you look at regional players like MercadoLibre and Rakuten, their mobile numbers are quite impressive. And I think a lot of it is just indicative of the marketplace you see in China but also the company's efforts to capitalize on those efforts. You don't really see the mobile penetration rates that Alibaba is putting up anywhere else in the global e-commerce landscape." Alibaba didn't issue a forecast. Alibaba's shares, which have risen 45 percent over its debut price, rose in early trading.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Alibaba's sales grow 54 percent
Tuesday, November 04, 2014 - 01:42
Top News »
7:29pm EST - (1:50)
5:49pm EST - (1:50)
5:47pm EST - (2:15)
5:47pm EST - (1:19)
3:52pm EST - (1:28)
3:18pm EST - (0:21)
1:36pm EST - (2:16)
12:35pm EST - (1:51)
8:42am EST - (1:09)
1:59am EST - (0:59)
1:57am EST - (1:28)
Sun, Feb 17, 2019 - (1:17)
Migrant Crisis »
Thu, Nov 15, 2018 - (2:23)
Thu, Nov 15, 2018 - (1:26)
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
2:35am EST - (1:52)
Fri, Feb 15, 2019 - (1:55)
Thu, Feb 14, 2019 - (2:50)
Thu, Feb 14, 2019 - (2:00)
Thu, Feb 14, 2019 - (1:24)
Thu, Feb 14, 2019 - (1:58)
Thu, Feb 14, 2019 - (1:15)
Wed, Feb 13, 2019 - (1:40)
Wed, Feb 13, 2019 - (1:40)
Tue, Feb 12, 2019 - (1:48)
Politics »
7:29pm EST - (1:50)
5:47pm EST - (2:15)
5:47pm EST - (1:19)
3:52pm EST - (1:28)
3:18pm EST - (0:21)
1:36pm EST - (2:16)
Sun, Feb 17, 2019 - (1:22)
Fri, Feb 15, 2019 - (1:03)
Fri, Feb 15, 2019 - (1:45)
Fri, Feb 15, 2019 - (1:59)
Innovations »
8:14am EST - (1:34)
Fri, Feb 15, 2019 - (1:20)
Fri, Feb 15, 2019 - (1:13)
Thu, Feb 14, 2019 - (1:23)
Thu, Feb 14, 2019 - (1:21)
Thu, Feb 14, 2019 - (1:57)
Thu, Feb 14, 2019 - (1:26)
Mon, Feb 11, 2019 - (1:32)
Fri, Feb 08, 2019 - (2:05)
Thu, Feb 07, 2019 - (1:38)
Entertainment »
7:35pm EST - (2:21)
3:19pm EST - (2:19)
1:58am EST - (1:50)
Sun, Feb 17, 2019 - (1:49)
Sun, Feb 17, 2019 - (2:23)
Sun, Feb 17, 2019 - (2:08)
Sun, Feb 17, 2019 - (2:09)
Sun, Feb 17, 2019 - (1:05)
Sun, Feb 17, 2019 - (1:02)
Sun, Feb 17, 2019 - (1:45)
Sat, Feb 16, 2019 - (0:45)
Sat, Feb 16, 2019 - (0:56)
Rough Cuts »
7:35pm EST - (2:21)
7:29pm EST - (1:50)
3:52pm EST - (1:28)
3:18pm EST - (0:21)
Sun, Feb 17, 2019 - (2:23)
Sun, Feb 17, 2019 - (0:54)
Sun, Feb 17, 2019 - (1:22)
Sun, Feb 17, 2019 - (1:05)
Sun, Feb 17, 2019 - (1:02)
Sun, Feb 17, 2019 - (1:45)
Sat, Feb 16, 2019 - (1:32)
Sat, Feb 16, 2019 - (0:46)
Moving Pictures »
Fri, Feb 01, 2019 - (2:27)
Wed, Jan 02, 2019 - (2:29)
Mon, Dec 17, 2018 - (2:17)
Fri, Nov 30, 2018 - (2:45)
Thu, Nov 22, 2018 - (2:41)
Mon, Oct 01, 2018 - (2:30)
Fri, Aug 31, 2018 - (2:23)
Tue, Jul 31, 2018 - (1:44)
Fri, Jun 29, 2018 - (2:05)
Fri, Jun 01, 2018 - (2:38)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
1:56am EST - (1:05)