男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

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
...
...
主站蜘蛛池模板: 札达县| 乐昌市| 鞍山市| 喀喇沁旗| 师宗县| 安溪县| 玛沁县| 那坡县| 同德县| 友谊县| 屏南县| 云安县| 安顺市| 巍山| 辽阳县| 永城市| 钦州市| 万源市| 称多县| 文山县| 澄城县| 丘北县| 梧州市| 海口市| 社旗县| 泰和县| 广水市| 保康县| 青岛市| 临颍县| 鄄城县| 封丘县| 威海市| 辽阳县| 吴忠市| 达孜县| 岳阳市| 都昌县| 集贤县| 南木林县| 中山市|