Alibaba Outperforms Expectations On Mobile Growth, Driving Stock Higher

While earlier there were concerns pertaining to the impact of slowing Chinese economy on Alibaba?s demand, we believe the recent results rather showed resilience in Chinese consumption this quarter. And though Alibaba?s management does not expect macroeconomic challenges to have a major impact on consumption in the coming future, we believe it will take a few quarters to completely analyze this potential disruption. Notwithstanding these challenges, we believe a number of long-term drivers will ...