Alibaba'S Market Value Exceeds Wal Mart

Investors are also weighing the prospects of global economic growth; Chinese concept stocks were mixed. On the eve of the financial report, Alibaba's share price rose 3.25%, breaking through $100 for the first time and closing at $101.80; his market value It has reached US $250.94 billion, which has exceeded the current market value of offline retail giant Wal Mart by US $245.622 billion.

　　 Alibaba The Group is scheduled to release its first financial report since its listing before the opening of the stock market this Tuesday (Beijing time today evening). Since its listing for nearly two months, Alibaba's stock price has been performing strongly. Investors are eager to know whether its performance can match the soaring stock price.

Financial information provider FactSet According to the research, analysts generally expect that in the second fiscal quarter up to the end of September, Alibaba shares profit It will be 44 cents, and the revenue will reach 2.61 billion dollars. In the documents submitted to the Securities and Exchange Commission of the United States, Alibaba announced that its revenue in the first fiscal quarter was 2.54 billion US dollars, up 46% year on year.

According to FactSet statistics, most analysts currently give Alibaba a stock rating of "buy", with an average target price of $110.30, nearly 8% higher than the current level.

Alibaba was officially listed on the New York Stock Exchange on September 19. Based on the issue price of 68 dollars, Alibaba raised a total of 25.03 billion dollars, making it the largest IPO in American history. The underwriting commission paid to the underwriters alone was as high as 300.4 million dollars.

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November was at the peak of "Double 11" online shopping, but the results of the special spot check on product quality organized by the AQSIQ recently for 14 kinds of e-commerce products in five categories of children's toys, clothing, shoes, backpacks and small household appliances sold online were not optimistic. Among them, the unqualified rate of online shopping backpacks reached 34.3%, and ordinary customers in leisure clothing, leather shoes, travel shoes Unqualified products were found in 4 kinds of backpacks.

According to the General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China (AQSIQ), taking backpack products as an example, this spot check involved 70 batches of backpack products produced by 51 enterprises. The General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China (AQSIQ) focused on six items, namely, vibration impact performance, suture strength, color fastness to friction, corrosion resistance of hardware accessories, durability of accessories and zippers.

Through inspection, 24 batches of products produced by 20 enterprises are unqualified, with a qualification rate of 65.7%. Among them, products of scarecrow, Fanke and other brands are found unqualified, involving items such as vibration impact performance and suture strength.

It is worth noting that in the quality supervision and spot check results of T-shirts, shirts and skirts released by Jiangsu Provincial Bureau of Quality Supervision in August, the products of Vanke were also unqualified. Among them, Vanke's T-shirts were spot checked in two batches, and one batch was unqualified, with a qualification rate of only 50%.