Alibaba Should Maintain Its Growth Momentum In The Fourth Quarter Results

We expect the company to post solid results driven by a seasonally strong quarter in Q4, which accounts for about one-third of its annual sales. We also expect it to display high growth in its active buyer base, which could cross 350 million (in our view). Alibaba's single days shopping festival on November 11th recorded gross merchandise sales worth $9.3 billion on its Chinese and international marketplaces, and this represented an increase of 60% as compared to the prior year results.