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  1. #1
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
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    18,573

    [EN] Alibaba has posted strong results, but its fate remains tied to China

    Alibaba ups rev growth estimates for fiscal year to 53% from 48%. Acceleration from previous year on better targeting+more vendor spending.

    PAUL MOZUR
    JAN. 24, 2017

    Alibaba’s Profile Is Global, but Its Fate Is Tied to China

    Jack Ma has been in the global headlines lately for meeting with President Trump and for discussing world affairs at the World Economic Forum in Davos, Switzerland. But for the company he founded, the story is still at home.

    On Tuesday, Alibaba Group, the Chinese e-commerce giant, posted strong earnings for its third quarter and beat analysts’ estimates. The quarter, which ended in December, is an essential one for the company: Its biggest sales event of the year is in November.

    Nonetheless, the results showed how Alibaba — despite Mr. Ma’s global profile and its 2014 initial public offering in the United States — is still dependent on China. The results also demonstrate that while Alibaba’s global ambitions have made progress, they haven’t yet become a major driver of its results.

    Alibaba’s big day

    Of central concern to investors is the durability of Singles Day, a company-created, shopping-oriented “Hallmark holiday” that falls on Nov. 11 each year. While sales growth from that event has steadily slowed, leading the company to pump up entertainment around it, the holiday nonetheless drove earnings growth. In the quarter ending in December, Alibaba said revenue grew 54 percent, compared with the period a year earlier, to $7.7 billion. Net profit rose 38 percent, to nearly $2.5 billion.

    Jack Ma: Davos man

    At the World Economic Forum in Davos last week, Mr. Ma warned of the dangers of a trade war between the United States and China. With Mr. Trump, he asserted that his company would help create a million jobs in America. (Significantly, details were scant.)

    His international appearances underscore a tough truth for Chinese internet companies: While they are often held up domestically as beacons of innovation, they have long struggled to build a market abroad. Alibaba has been trying to break that blockage, yet it has mostly focused on recruiting foreign brands to sell on its sites to Chinese consumers. In its third quarter, only 7 percent of its revenue came from commerce outside China.

    Digital expansion is easier

    One important way that Alibaba is looking to build its foreign businesses is by offering computing services to companies, much like Amazon does with Amazon Web Services. To that end, Alibaba has built new data centers around the world. Analysts are also bullish on the company’s cloud revenue, which in its third quarter more than doubled, to $254 million.

    A proxy for China

    Investors have often looked to Alibaba to see how the broader Chinese economy is doing. Alibaba has repeatedly argued that it should outperform the economy because online buyers have grown more quickly than total consumption. As that customer growth has slowed, Alibaba has worked to make more money from users, especially those using mobile phones. To that end, the company said the jump in revenue came from an increase in how much its online vendors spent per consumer as well as an increase in clicks because of improved targeting to customers.

    https://www.nytimes.com/2017/01/24/b...esults-ma.html

  2. #2
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    18,573

    Alibaba Group Raises Outlook as Revenue Surges

    The Chinese e-commerce giant said it will step up investments in its digital media and cloud businesses

    AliCloud, Alibaba’s cloud-computing arm, more than doubled revenue in its Q3


    By Liza Lin and Joshua Jamerson
    Jan. 24, 2017


    Buoyed by China’s insatiable online shoppers, Alibaba Group Holding Ltd. posted a strong third quarter, raised its revenue outlook and said it would step up investments to expand its digital media and cloud businesses.

    Alibaba, which runs China’s most popular e-commerce websites Taobao and Tmall, said Tuesday that fiscal year 2017 sales would rise 53%, up from an earlier forecast of 48%. The Chinese e-commerce giant is riding the wave in the country’s online retail growth as internet purchases continue to outstrip overall retail sales.

    Alibaba said profit for its fiscal third quarter ended Dec. 31 rose 38% to 17.2 billion yuan ($2.57 billion), up from 12.5 billion yuan a year earlier, beating analyst estimates. Revenue climbed 54% from a year ago to 53.2 billion yuan.

    China’s latest government statistics show online sales of consumer goods and services increased 26% from a year ago to 5.16 trillion yuan in 2016, compared with a 10% growth in overall retail sales.

    Alibaba’s third-quarter sales were boosted by Singles’ Day on Nov. 11, which Alibaba has turned into something of a national shopping holiday. Vendors sold a record 120.7 billion yuan worth of goods on its platforms on Singles Day, 32% more than in 2015.

    Revenue at its newly consolidated digital media and entertainment division almost tripled to $585 million. Alibaba plans to spend more than 50 billion yuan over the next three years to grow its user base, acquire popular and original content and investment in infrastructure for the unit, said Chief Financial Officer Maggie Wu said.

    Alibaba’s mobile monthly active users rose 25% to 493 million, helping mobile revenue from the China commerce retail business surge 73% from a year ago.

    Alicloud, Alibaba’s cloud-computing arm, more than doubled its revenue in the third quarter to $254 million, following similar growth the quarter before. Alicloud is China’s largest provider of cloud services. Alibaba said the unit, which competes with Amazon Web Services and Microsoft Azure, has 765,000 paying customers, up from 651,000 in the previous quarter.

    “We feel positive about the growth of the entire cloud computing market in China,” Alibaba Vice Chairman Joe Tsai said on a conference call following the earnings release Tuesday.

    Ms. Wu added that profitability wasn't an immediate priority for the unit, and that the company was focused on building its market share.

    Morgan Stanley research analysts said in a report before the earnings they expect AliCloud sales to reach $1 billion in its fiscal year 2017, and to be a strong profit driver for the company as businesses interest in the technology accelerates.

    In Tuesday’s statement, Alibaba also said Koubei, its local services joint venture with Ant Financial, completed a $1.1 billion fundraising this month. Investors include Menlo Park, Calif.-based Silver Lake Partners, Yunfeng Capital, a private-equity fund controlled by Alibaba founder and Chairman Jack Ma, CDH investments, and Primavera Capital Group.

    Singaporean and Malaysian state investments funds Temasek Holdings and Khazanah Nasional Bhd. also participated in the financing, Koubei Chief Executive Officer Samuel Fan said in a recent interview.

    Still, Alibaba faces headwinds this year. Alibaba’s accounting practices are under investigation by the Securities and Exchange Commission, and analysts have raised concerns about its use of financial measures that don’t comply with generally accepted accounting principles and because it doesn’t consolidate results of some affiliates.

    The e-commerce giant was also put back on a U.S. agency’s list of global marketplaces known for counterfeit and pirated goods in December and early this year formed a coalition with brands including Samsung, Louis Vuitton and Mars to fight fakes.

    Mr. Ma told an audience at the World Economic Forum in Davos last week the company removed 370 million fake product listings on its site and worked with authorities to put 400 offenders in jail.

    http://www.wsj.com/articles/alibaba-...ges-1485258937

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