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

healthcare
The Healthcare Talent Fix: Build Pipelines Early, Use Data, and Get the Experience Right
May 18, 2026

There’s a growing tension inside healthcare right now—between the people leaving the workforce and the patients still arriving every day. It’s a dynamic that leaders can no longer afford to ignore. The numbers make that clear: the Association of American Medical Colleges estimates that the U.S. could be short of as many as 86,000 physicians…

Read More
education
Just Thinking… About Federal Funds, Student Support, and the Future of Education with Eric Reaves
May 15, 2026

As conversations around the future of the U.S. Department of Education continue to intensify, educators and federal program leaders are facing mounting uncertainty about how federal funds will be managed, distributed, and regulated. At the same time, schools serving historically underserved students remain heavily reliant on programs like Title I and other federally…

Read More
trust
The Strongest Leaders Build Belief, Model Discipline and Earn Trust
May 14, 2026

Workplace leadership is under pressure: employees are continuing to disengage, and many managers are still trying to fix a trust problem with performance tactics. Gallup reported that U.S. employee engagement fell to 31% in 2024, its lowest level in a decade, and its research has found that managers account for at least 70% of…

Read More
medicine
The Art of Recovery: Where Music and Medicine Meet in Patient Care
May 14, 2026

Healthcare today can feel overwhelming—not just for patients, but for the teams caring for them. After a major illness or injury, recovery isn’t handled by one doctor alone; it often involves a whole network of specialists, from physical therapists to nurses to social workers, all trying to help someone regain their independence and quality…

Read More