Alibaba Group Holding Ltd (NYSE: BABA) Soaring 11%
Read further about the China E-commerce conglomerate’s beat of analyst’s estimates.
Daily Alibaba Group Holdings Ltd. chart for the last 6 months showing the gap fill
Alibaba Company Profile
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace. – Yahoo Finance
On another note, the company also announced a new Chief Executive Officer would be named, Daniel Zhang who is currently the Chief Operating Officer and Jonathan Lu who will become vice chairman of the board.