Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Alibaba Group Holding Ltd (BABA) To Become China’s Netflix: Aaron Kessler

Yes, Alibaba Group Holding Ltd (NYSE:BABA) had a fantastic Earnings Report, but what lies ahead for the e-commerce giant based in one of the hardest working countries in the world. Aaron Kessler of Morgan Creek Capital, shared some of his thoughts on CNBC, and according to him Netflix might have some problems if it chooses to expand in China.

Alibaba jack ma BABA

“We have definitely heard that they [Alibaba Group Holding Ltd (NYSE:BABA)] are looking at increasing investment in the digital content space, which raises the question are they trying to become the Netflix of China. There have been some talks that  they are talking to some Studio executives, so I think that is clear, I think definitely on the online side with kind of easy web looking to become a mobile operating system so it definitely can become more of a media company going forward as opposed to just e-commerce,” said Kessler.

Alibaba Group Holding Ltd (NYSE:BABA) has its fingers in all the pies that Jack Ma, the company’s founder and CEO, can think of. From a mobile operating system, and cloud computing to e-commerce and now the content business, the company will one day have it all covered.

Moving on to the Earnings Release today, the talk of the day were the mobile numbers. Alibaba Group Holding Ltd (NYSE:BABA) seems to have an iron grip on the future of e-commerce in China. Mobile is the future and the earnings report showed that the company has a strong footing in that department. Kessler expanded on the relevant numbers.

“[…] Mobile monetization, that is up to about 1.8%, or 1.87% in the quarter, so that was a significant higher than our estimate of 1.4%, and up significantly year over year as well. If you look at mobile GMV that was up about 260% year over year and then mobile revenues were up over a 1000% year over year, so it really is a mobile shift that you are are seeing right now and that showed in the result of 54% year over year growth […],” said Kessler.

Alibaba Group Holding Ltd (NYSE:BABA) is currently trading at $104.9, up about 3% for the day.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!