source from：WSJ
BUSINESS  EARNINGS
Alibaba Results Top Views as User Base Grows
Chinese e-commerce company’s annual active buyers rise 14% from a year ago to 439 million

By JOSHUA JAMERSON
Nov. 2, 2016 7:43 a.m. ET
1 COMMENTS
Alibaba Group Holding Ltd. posted revenue and earnings that easily topped expectations in the most recent quarter as the Chinese e-commerce giant said it better monetized its growing user base.

Shares in the company added 4.3% premarket to 105.50 dollars.

Chief Executive Daniel Zhang said the company’s results “reflect our increasing ability to monetize” the firm’s growing user base.


For the September period, Alibaba reported 439 million annual active buyers, up 14% from a year ago. Mobile monthly active users rose 30% to 450 million, helping mobile revenue from the China commerce retail business surge 78% from a year ago.

In all, Alibaba reported profit fell 66% to 7.62 billion yuan (1.14 billion dollars), or 2.97 yuan (45 cents) a share, from 22.75 billion yuan, or 8.87 yuan a share, a year earlier. The year-ago quarter included a noncash revaluation gain of 18.6 million yuan from a revaluation of its previously held equity interest in Alibaba Health.

Excluding certain items, Alibaba earned an adjusted 5.26 yuan, or 79 cents, a share in the latest period.

Revenue rose 55% to 34.29 billion yuan (5.14 billion dollars). Analysts had projected 4.66 yuan a share in adjusted earnings and 33.91 billion yuan in revenue, according to Thomson Reuters.