Ali'S Earnings Forecast Is Good: Share Prices Hit A New High For The Month.

Since last month's record of IPO (initial public offering) in the amount of $25 billion, Alibaba shares have risen 35%.

Driven by the Alibaba, the stock market of the electronic commerce sector rose collectively, and the Jingdong mall rose 0.2%. Vip.com also rose for seventh consecutive days.

Bloomberg China -UNS

When the world dropped 0.4%, to 106.95.

Analysts expect Alibaba revenue to grow by 42% to $2 billion 540 million over the year ending September 30th.

Vip.com's revenue is expected to increase by 125% over the same period.

Bloomberg data show that the second quarter of China's e-commerce retail sales grew 47%, an increase of 44% in the third quarter.

"People expect Alibaba to achieve good profits, which may be higher than market expectations."

"Rosen Jun Blatter, Rosenblatt Securities, director of China stock research, Zhang Jun (Jun Zhang), said:" as online shopping continues to boom, China

The company's overall performance in the third quarter has been improving.

Alibaba will release its first earnings report in November 4th.

In the fiscal quarter ending June, the company's net profit increased 2 times to $1 billion 990 million, and revenue grew by 46% to 2 billion 540 million dollars.

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There are still great opportunities in China. "

"Taobao and Tmall will continue to push forward the business development in the next few years," said Gil Luria, a technology analyst at Wedbush Securities, an American broker. "Taobao and Tmall will continue to promote their business in the next few years.

They may also expand globally in other areas. "

Alibaba provides a platform to facilitate pactions between buyers and sellers. Individuals and small businesses can sell goods through Taobao, while retailers and producers use Tmall.

Jingdong mall is the second largest e-commerce company in China. Its stock price closed at $25.44 on Wednesday.

Vip.com rose 2.5% to $205.

IShare China's big market value ETF fund ended its three consecutive day of gains on Wednesday, down 0.4% on the day and closed at $38.26.