Alibaba Group Holding Ltd (NYSE:BABA) has recorded a surge in the first quarterly report after its staggering IPO in the US. The company reported a 49% increase in gross value of merchandise sold. The revenues went up by 53.7%, beating its competitor Amazon, which recorded only 20% increase in the same period. Discussing Alibaba Group Holding Ltd (NYSE:BABA) in a program on Bloomberg, Alicia Yap, an analyst at Barclays Plc in Hong Kong said that Alibaba Group Holding Ltd (NYSE:BABA) has impressed the investors in each and every stream of report. She also seems positive about Apple Inc. (NASDAQ:AAPL) and Alibaba Group Holding Ltd (NYSE:BABA) partnership in Apple Inc. (NASDAQ:AAPL) Pay. She gave Buy rating to Alibaba Group Holding Ltd (NYSE:BABA).
Yap said that Black Friday will not add much to the revenue steam of Alibaba, but it will be vital of user attraction, branding and fame of the company. She said that as far as revenue is concerned, every aspect of the quarterly report was impressive.
Alibaba Group Holding Ltd (NYSE:BABA) has started investing in multiple ventures after landing in the US. Currently, Jack Ma is in talks with Hollywood giants for exclusive content for streaming services in China. Alibaba wants to extend its baseline of products in China and US. There are also some reports of Apple Inc. (NASDAQ:AAPL) and Alibaba partnership in the mobile payment system domain. Answering a question about whether she would prefer Alibaba Group Holding Ltd (NYSE:BABA) going with Apple Inc. (NASDAQ:AAPL) pay or Hollywood, Yap said that she would go with Apple Inc. (NASDAQ:AAPL) Pay because it has a glorious future.
She thinks that Hollywood content business is a long term plan for Alibaba Group Holding Ltd (NYSE:BABA). She estimated that Chinese e-commerce business is going to see a growth of 50% and Alibaba Group Holding Ltd (NYSE:BABA) is at the frontier of this saddle. She disagreed with the notion that expanding business beyond limits will create problems for Alibaba Group Holding Ltd (NYSE:BABA) in the future. She thinks that entertainment is a vital aspect of contemporary markets.
Carl Icahn‘s Icahn Capital hold around 52.8 million shares of Apple Inc. (NASDAQ:AAPL).
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