The shares of the company that quote in the United States rose almost 7% in operations prior to the opening of the market.
Alibaba Group Holding of China surpassed on Thursday the expectations of Wall Street for the income of the third quarter, thanks to the strong sales of the end of the year and to the success of their strategy to attract consumers concerned with costs.
The Cedears, which are papers that follow quotes of foreign companies in global markets and that are subscribed in pesos -also in dollars -, the company rose 8.8%. For those interested in investing in Alibaba they can do so through Yields.
Chinese retailers such as Alibaba have reduced prices and intensified promotional offers to stimulate consumers and boost sales in their main national electronic commerce business.
The healthy demand for international markets and the highest customer expense during the end of the year helped the company to boost their sales and achieve more solid financial performance.
The balance
The annual Sales Sales event last year, a national purchasing festival often considered a barometer of consumer’s feeling, lasted more than previous editions and generated a 26.6% increase in sales in sales In the main electronic commerce platforms, according to the Syntun data provider.
The company reported revenues of 280,150 million yuan (38,580 million dollars) for the three months ended on December 31, compared to the 279,340 million yuans expected by 17 analysts surveyed by LSE.
Source: Ambito
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