Alibaba's Stock Surges On Strong Earnings Growth

Going forward, we remain bullish on the long-term growth potential of Alibaba. We expect the company's GMV to continue to rise sharply over our forecast period, due to the immense runaway ahead in the Chinese e-commerce market. Driven by rising Internet penetration rate and the growing popularity of online shopping, the Chinese e-commerce market could expand to over $1 trillion by 2018. Further, the secular trend towards increasing monetization on the mobile platform will propel Alibaba's top-li...