Alibaba’s 2013 IPO Valuation May Reach USD 78 Bn
Nov 30, 2012 4:45 PM GMT+0800 | Prepared by ChinaScope Financial | Source: Sina IT | Author: YANG Fan
According to the report of Euromonitor International, a market research firm, Tmall, a B2C platform of Alibaba, will surpass Amazon by revenue in 2015 and will be the largest online shopping platform in the world.
It is estimated in the report that Tmall’s revenue will reach USD 120 billion in 2017, higher than the USD 100 billion forecast for Amazon. Alibaba Group expects its revenue this year to be USD 40 billion, versus USD 60 billion for Amazon. As a result, Alibaba may be valued at USD 60 billion if it decides to list this year, and USD 78 billion if next year.
Sentiment: Strong Buy
Well, since we already know from official SEC filings that Alibaba Groups revenue was almost $2 billion the first 6 months of 2012, casually estimating just another $38 billion for the other 6 months would indicate a large degree of ignorance and phenomenal carelessness with numbers.
First rule of successful pumping is don´t use made up numbers that any schoolchild can easily show to be wrong. It only makes you look like a dumb liar.
First rule of successful trading is check your sources and do your own research.
Gloom is perpetually wrong on Alibaba. He still doesn't get the difference between gross and net revenue. The article refers to gross revenue and Alibaba reports net. The accounting concept is over his head. As per Eric Jackson, Alibaba is already blowing Amazon away on profits, which are the same regardless of which way you report the revenue.
The first rule of bashing is don't be an idiot. Gloom shouldn't be lecturing anybody.