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Business

Alibaba's earnings beyond the bottom line

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Opening sequence

Business

Alibaba's earnings beyond the bottom line

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COMING UP:Alibaba's earnings beyond the bottom line

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Transcript

00:00:01
>> The best growth since 2013 and the spike in share price. Alibaba investors getting the news they wanted to hear on Thursday. Above 60% leap in quarterly revenue, bringing in close to $5 billion. The company also made more money from mobile shopping than PCs for the first time.
00:00:19
But as Reuters' Paul Carsten reports, it's staying very harsh-harsh on a touchy subject.>> Alibaba executives were clearly extremely pleased with the results. It's their best growth since before the IPO. However, for the nay sayers, there's still a huge question hanging over the firm and that is the investigation by the US SCC into Alibaba's accounting prices.
00:00:39
Now until that's resolved, Alibaba are not yet out of the woods. For the skeptics, the Alibaba skeptics, they will be disappointed by the silence and may even see it as damning.>> US regulators have been investigating Alibaba for some time, especially in relation to singles day. Now the world's largest shopping event.
00:00:58
Another possible area of concern the economy. Some saying even China's number one etailer isn't big enough to escape the slow down. That's got executives thinking outside the box.>> Alibaba is still investing heavily in other kinds of businesses and really quite a diverse array of businesses. For example driverless cars.
00:01:17
They're also investing in cloud computing. They're investing in mobile operating systems. And all those things really have yet to show any sign of profits.>> For now it looks like smooth sailing for Alibaba but there are worries that the longer the details of the US investigations stay hidden, the bigger the fallout could be.
00:01:34
Add to that the slowing economy and CEO Jack Ma may just have a little more to answer for when the next set of numbers come out in three months time.