May 7 late in the evening’s biggest Chinese online store Alibaba jumped in price by 7.5%, after the company reported a sharp rise in quarterly earnings and the appointment of a new CEO. Investors expressed optimism about the reports that the company will be the new head of Daniel Zhang, who in their previous positions has given new impetus to the company’s operations and significantly raised awareness of the company outside of China.
Shares of China’s largest trading online platform of Alibaba in OTC trading on the New York Stock Exchange rose by 7.5%. Investors are quite positively evaluated the quarterly reports which appeared on the eve of Alibaba, which refers to the increase in sales by 45%. Alibaba sales for its fiscal fourth quarter ended March 31 was $ 2.8 billion. Another positive statements steel information about sales, committed through mobile devices grew from Alibaba 350% compared to the same period last year. Now the share of mobile sales Alibaba is 40%. These data suggest that the Chinese company is successfully introducing new technologies into its platform, making it easy to make purchases from their mobile devices.
Along with the publication of statements Alibaba announced the appointment of 10 May a new CEO. They will be Daniel Zhang, who until recently served as chief operating officer and has already become famous for that could significantly strengthen the company’s sales. Among his achievements – the promotion of the Chinese market equivalent of the American Black Friday – the “day of bachelors’, which is celebrated on November 11th. Last year, sales of Alibaba in the day due to successful marketing and competent pricing soared several times. In addition, the 43-year-old Mr. Zhang markedly increased recognition of the company outside of China, developing small wholesale division Alibaba – T-Mall. “We are very upbeat on the appointment of Mr. Zhang to the post of general director of Alibaba, – says the analyst of Barclays Alicia Yap.- working in the company since 2007, he had moved the company’s operations through increased sales of” singles day “and in a T-Mall, proving so that he is able to give a new impetus to all operations Alibaba ».
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