Digital Marketer • Ecommerce Leader • VR / AR / MR Evangelist

Alibaba (BABA) Stock Soars as Earnings Wallop Expectations

Alibaba Group Holding (ticker: BABA), the largest Chinese company listed on a U.S. exchange, easily beat earnings and revenue expectations for its fiscal first quarter, the company says, sending the company's stock roaring as much as 5 percent higher in early trading.

Mobile monthly active users rose from 410 million in March to 427 million in June – or about 100 million more mobile users than the entire population of the U.S. Mobile growth is a vitally important statistic, as gross merchandise volume is increasingly driven by those users; mobile GMV is now responsible for 75 percent of total GMV.

"With revenues from mobile representing 75 percent of China's commerce retail, BABA is on their way from being a mobile-first company to a mobile-only company," says Phil Barrett, senior vice president and general manager of Purch, a digital content company.