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Playlist: BABA:xnys

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1:24
#SinglesDay - What does this tell us about the Chinese economy?
Alex Forrest Whiting
11 November 2015 at 11:25 GMT
3:41
#SinglesDay - Can Alibaba deliver what investors want?
Peter Garnry
10 November 2015 at 8:54 GMT
4:14
Alibaba - just how worried should investors be?
Peter Garnry
24 September 2015 at 7:36 GMT
2:22
Why investors should still believe in Alibaba
Alex Forrest Whiting
14 August 2015 at 7:24 GMT
1:57
Berger: Alibaba "scares the pants off" the bears
Serge Berger
18 May 2015 at 6:48 GMT
2:24
Earnings Season: Yahoo! unlikely to deliver Q1 cheer
Peter Garnry
21 April 2015 at 7:07 GMT
3:12
Is this Alibaba's Facebook moment?
Peter Garnry
19 February 2015 at 13:27 GMT
3:03
Taming the dragon - how to trade Chinese stocks
Pauline Loong
10 February 2015 at 8:12 GMT
2:23
Garnry: Don’t dismiss Alibaba
Peter Garnry
30 January 2015 at 8:26 GMT
1:59
NASDAQ week: 10 top tech stocks
Alex Forrest Whiting
24 November 2014 at 14:35 GMT
3:31
Like Facebook? Why you'll love Alibaba
Peter Garnry
05 November 2014 at 13:38 GMT
2:18
What you need to know about Alibaba's results
Alex Forrest Whiting
04 November 2014 at 8:29 GMT
4:04
Yahoo, Apple, Google – the battle of the Tech giants
Alex Forrest Whiting
22 October 2014 at 13:53 GMT
Video / 05 November 2014 at 13:38 GMT

Like Facebook? Why you'll love Alibaba

Peter Garnry
Alibaba, the Chinese online retail juggernaut, just keeps on rolling along a seemingly unstoppable route to greater growth. The firm's Q3 results contain frankly jaw-dropping figures: growth up by 54% for example and the number of monthly active users now at 217 million.

We're also less than a week away from 'Singles Day' on November 11, which has become China's largest online shopping day; when the public are encouraged to buy a present for their single friends. 

Last year, on Singles Day, Alibaba saw around $6 billion worth of goods sold via their websites in less than 24 hours. This year, given China's growth and increasing consumer spend, that number could be dwarfed and will certainly eclipse similar shopping sales days, like Cyber Monday, in the West.     

Peter Garnry, Head of Equity Strategy at Saxo Bank, takes us through the latest results and looks ahead to Singles Day, when the share price could see another rise off the back of tremendous sales, but Peter also warns that the valuation is becoming stretched and is likely to stall at this current acceleration.

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