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Alibaba Group Holding Limited

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Alibaba Group is a Chinese e-Commerce giant which caters mainly to its native market. Alibaba Group’s fiscal third-quarter results exceeded the Zacks Consensus Estimate.  The solid growth in its core e-commerce business as well as growing cloud computing services aided the results.  Also, over the last one year, the stock has outperformed the Zacks characterized Electronic Commerce industry.  The company’s dominance in the mobile commerce market, its continued efforts to develop new products, international growth opportunities and strong financial position are all positives. However, macro headwinds, continued investments and increasing competition from Tencent Holdings and Baidu remain the overhangs.

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