Alibaba Stock Rises After Retail Sales Skyrocket

On Wednesday China’s National Bureau of Statistics reported online retail sales in the country reached $205.8 billion for the first two months of 2018, a 37% increase from a year ago, and an acceleration from the 32% growth rate in the same period in 2017.

Wall Street firm Jeffries opined that “we believe the strong online retail sales in spite of weak seasonality could be attributed to:

1) a longer-than-usual shopping window prior to Chinese New Year (CNY) holiday; 2) increased rural consumption spending over CNY from post-80s with smart home electronics and imported fresh goods showing fast growth; 3) step-up in online-offline promotional efforts, e.g. red packets, Taobao-RTmart (SunArt) promotion; 4) enhanced logistics service for fresh goods, e.g. Hema,” Jefferies analyst Karen Chan said in a note to clients.[1]

Shares of New York-traded Alibaba rose more than 3 percent Thursday morning, hitting a high of $199.50 pershare.[2] The Wall Street Journal also reported early Thursday that the company is considering a moving their stock listing home to mainland China.[3]

[1]http://www.businessinsider.com/alibaba-stock-price-reaping-rewards-skyrocketing-china-online-sales-2018-3

[2]https://www.cnbc.com/2018/03/15/alibaba-shares-jump-after-report-its-considering-a-chinese-listing.html

[3]https://www.wsj.com/articles/china-tech-titan-alibaba-plans-stock-market-homecoming-1521116131

Follow us on social media for the latest updates in B2B!

Image

Latest

skilled trades mentorship
Why the Modern Data Center Is Forcing Communities and Policymakers to Rethink Infrastructure
April 21, 2026

Data centers have moved from largely invisible digital infrastructure to a highly visible source of public debate as artificial intelligence accelerates demand for power, fiber, and compute capacity. The modern data center is now being built closer to population centers to support low-latency services, bringing critical infrastructure into direct contact with residential communities for…

Read More
Inside the Spot Freight Shift: How Manifold Is Simplifying a Fragmented Logistics Market
April 21, 2026

The freight market is in the midst of a notable shift. With national tender rejection rates approaching 14% by the end of Q1, freight conditions have shifted back in carriers’ favor, often coinciding with increased activity in the spot market. At the same time, logistics teams are juggling an increasingly fragmented ecosystem of portals, emails,…

Read More
healthcare 2026
Healthcare’s 2026 Reality: Growing Workforce Gaps, Tiered Access, and the Rise of AI Support
April 20, 2026

Healthcare systems are entering 2026 under mounting pressure. A growing, aging population and rising disease burden are colliding with persistent workforce shortages—highlighted by projections that new cancer diagnoses in the U.S. will surpass two million this year alone. The stakes are no longer theoretical: delays in care, limited specialist access, and widening disparities are…

Read More
Mental Health Care
Policy, AI, and New Funding Models Are Reshaping Mental Health Care Delivery
April 16, 2026

Mental health care isn’t a new problem—but it’s finally being treated like an urgent one. After years of being sidelined, the cracks in the system are becoming impossible to ignore: overstretched clinicians, long wait times, and entire communities without consistent access to care. In the U.S., the scale is striking—more than one in five…

Read More