US IPO filing expected next week
SAN FRANCISCO, April 15 (Reuters) Alibaba Group Holding Ltd revenue growth accelerated in the cheap Canada Goose last quarter of 2013, a timely lift for the Chinese Internet uk canada goose company as it prepares to file canada goose clearance sale a prospectus next week for Canada Goose Parka its highly anticipated initial public offering. canada goose IPO since Facebook Inc 2012 coming out party. Alibaba canada goose coats on sale had no comment on the Canada Goose online prospectus filing, a spokeswoman said.
The company which powers four fifths of all Chinese Canada Goose Jackets online consumer shopping recorded a 66 canada goose uk outlet percent surge in sales to $3.06 billion buy canada goose jacket cheap in 2013 final three months canada goose uk shop compared Canada Goose Online with a Canada Goose Coats On Sale year earlier. The canada goose store numbers the latest available for Alibaba were released on Tuesday alongside first quarter 2014 earnings canadian jacketstock goose jacket for 24 percent shareholder Yahoo Inc. tech debuts, spurred on Canada Goose Outlet by social media company Twitter Inc successful 2013 IPO.
Alibaba resurgence after several cheap canada goose uk quarters of slowing growth helped lift shares of Japan SoftBank Corp and Yahoo, which own 37 percent and 24 percent of the Chinese company and highly sensitive to uk canada goose outlet the Chinese firm Canada Goose sale growth prospects and valuation.
SoftBank shares surged as much as 9.1 percent and traded 7.9 canada goose factory sale percent higher in mid afternoon trading in Tokyo. Yahoo stock gained more than 9 percent after hours, despite reporting anemic quarterly revenue and display advertising growth in its own business. company told analysts on a conference call they would not comment further on Alibaba numbers, given that the Chinese company has entered a pre IPO quiet period. The company plans to pay at least 1.1 percent of the canada goose coats total IPO proceeds in fees, making the fee pool at an estimated $200 million, the report added.
RAPID REBOUND Alibaba fourth canada goose uk black friday quarter sales growth came after it posted its slowest rate of growth in three quarters during the July to September period. For the October December quarter it recorded a doubling in net income to $1.36 billion.
Alibaba, canada goose clearance founded 15 years ago by outspoken English schoolteacher Jack Ma, has cornered the Chinese Internet consumer market and expanded into everything from online auctions to messaging and payments.
An IPO could arm the company as it tries also to dominate the nascent mobile shopping canada goose outlet and social media arenas. Market participants expect it to raise as much as $16 billion this year.
Tencent Holdings Ltd has the upper hand in mobile services in China, including in areas like canada goose black friday sale messaging and games, the most important battleground for the country Internet companies.
In addition, Alibaba strategy of building a global e commerce empire with its own financial services is attracting close scrutiny from China regulators and buy canada goose jacket resistance from the country banks. (Reporting by Edwin Chan; Additional reporting by Fiona Lau of IFR and Prakash Chakravarti of IFR/LPC in HONG KONG; Editing by James Dalgleish, Jonathan Oatis and Kenneth Maxwell).
