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A general view of the Alibaba Group headquarters on March 29, 2014 in Hangzhou, China.
Alibaba Group
reported quarterly earnings that were in line with analysts'
expectations on Tuesday, but revenue came in stronger than expected.
Following the report, Alibaba's shares rose in premarket trade. (Get the latest quote here.)
The company's second-quarter earnings report is the first after its IPO in September.
The company reported earnings excluding items of 45 cents a share, matching estimates, on revenue of $2.74 billion.
Analysts polled by Reuters had expected the firm to post revenue of $2.61 billion.
Following the report, Alibaba's shares rose in premarket trade. (Get the latest quote here.)
The company's second-quarter earnings report is the first after its IPO in September.
The company reported earnings excluding items of 45 cents a share, matching estimates, on revenue of $2.74 billion.
Analysts polled by Reuters had expected the firm to post revenue of $2.61 billion.
The firm's IPO on the New York Stock Exchange in
September was the biggest of its kind at more than $25 billion.
Founded by Chinese entrepreneur Jack Ma in 1999, the e-commerce firm operates China's most popular retail platforms Tmall and Taobao. Both brought in a combined $5.7 billion in sales on China's Singles' Day on November 11 in 2013.
In June, Alibaba launched a similar e-commerce site in the United States called 11 Main.
The tech conglomerate has continued to expand its holdings with acquisitions in mobile and cloud services, as well as seeking opportunities with Hollywood and possibly Apple.
Reuters and CNBC's Evelyn Cheng contributed to this story.
September was the biggest of its kind at more than $25 billion.
Founded by Chinese entrepreneur Jack Ma in 1999, the e-commerce firm operates China's most popular retail platforms Tmall and Taobao. Both brought in a combined $5.7 billion in sales on China's Singles' Day on November 11 in 2013.
In June, Alibaba launched a similar e-commerce site in the United States called 11 Main.
The tech conglomerate has continued to expand its holdings with acquisitions in mobile and cloud services, as well as seeking opportunities with Hollywood and possibly Apple.
Reuters and CNBC's Evelyn Cheng contributed to this story.
Terri CullenNews Editor, CNBC.com
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