US EUROPE AFRICA ASIA 中文
    Business / Trendsetters

    Growth concerns rise for Alibaba

    By Meng Jing (China Daily) Updated: 2014-06-18 07:11

    Growth concerns rise for Alibaba

    The stand of JD.com at the Beijing International Fair for Trade in Services last month. JD.com Inc has launched its annual promotional campaign to celebrate its birthday on Wednesday. Other online retailers followed suit with similar campaigns to compete with JD. Provided to China Daily

    Lower first-quarter earnings cast shadow on prospects for IPO

    Alibaba Group Holding Ltd, China's e-commerce conglomerate, disclosed in an updated filing on Monday that quarterly revenue growth slipped to its slowest pace in six years, amid concerns that the development may cast a shadow on its highly anticipated initial public offering in the United States.

    Growth concerns rise for AlibabaThe Hangzhou-based e-commerce giant reported lower revenue growth of 39 percent year-on-year between January and March in its revised filing to the US Securities and Exchange Commission on Monday. The company's growth rate was 71 percent in the same quarter last year. Operating margins narrowed to 45 percent from 51 percent in the previous year. The group's revenue during the first quarter was 12 billion yuan ($1.92 billion).

    A growth rate of 39 percent would be considered robust for most companies, but for Alibaba Group, which owns China's largest customer-to-customer platform, Taobao, and the country's largest business-to-customer platform, Tmall, the slowing momentum has triggered concerns ahead of its much-anticipated initial public offering in the United States.

    The reported first-quarter growth of 39 percent also marked the first time that Alibaba Group has posted a quarterly revenue increase of below 40 percent since Yahoo Inc, one of its major shareholders, began disclosing results in 2008.

    Zhuo Saijun, an e-commerce analyst with the Beijing-based consulting firm Analysys International, said Alibaba's revenue decline in the first quarter was not surprising.

    "Alibaba's Nov 11 shopping festival pushed many merchants to increase their online marketing spends during the fourth quarter of 2013. This has led to overdrawn marketing budgets in the first quarter," he said. Zhuo added that Alibaba still dominates China's e-commerce market, but research has shown that its market share is shrinking. "The shrinking is not that significant, but it shows the general trends of competition," he said.

    Growth concerns rise for Alibaba Growth concerns rise for Alibaba
    Alibaba confirms IPO in US  Alibaba investing in US messaging startup Tango

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    ...
    欧美精品丝袜久久久中文字幕| 国产成人无码免费看视频软件 | 国产亚洲情侣一区二区无码AV | 亚洲国产中文字幕在线观看| 无码人妻精品一区二区蜜桃AV| 日韩精品无码一区二区三区AV | 亚洲日本欧美日韩中文字幕| 69ZXX少妇内射无码| 中文字幕日韩三级片| 亚洲精品成人无码中文毛片不卡 | 久久无码国产| 色综合久久中文字幕无码| 成年无码av片完整版| 最近2019年免费中文字幕高清| 亚洲欧美综合在线中文| 无码国产亚洲日韩国精品视频一区二区三区 | 无码人妻少妇色欲AV一区二区 | 亚洲AV无码国产在丝袜线观看| 亚洲成A人片在线观看中文| 爆操夜夜操天天操狠操中文| 中文字幕无码av激情不卡久久| 国产精品热久久无码av| 青青草无码免费一二三区| 亚洲国产精品无码久久久蜜芽 | 无码A级毛片免费视频内谢| 中文字幕乱妇无码AV在线| 四虎影视无码永久免费| 中文字幕人妻在线视频不卡乱码| 亚洲久本草在线中文字幕| 午夜视频在线观看www中文| а中文在线天堂| 最近中文字幕精彩视频| yellow中文字幕久久网| 亚洲中文字幕无码专区| 亚洲看片无码在线视频| 极品粉嫩嫩模大尺度无码视频| 精品久久久无码人妻中文字幕| 亚洲VA成无码人在线观看天堂| 无码人妻精品一区二区三区99仓本| 无码人妻一区二区三区兔费| yy111111少妇影院里无码|