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Alibaba's U.S.-listed shares were up 4.6 percent at $72.72 in
premarket trading on Thursday.
Gross merchandise volume, or the total value of goods transacted
on its platforms on China retail marketplaces, rose 23 percent
to 964 billion yuan ($147 billion), its slowest annual growth
rate in more than three years.
Alibaba is trying to replace decelerating volume growth in
online shopping by expanding in other areas.
It offered $3.7 billion to become sole owner of Youku Tudou Inc
<YOKU.N>, known as China's YouTube. Online video users in the
country are beginning to cough up money for high-quality online
streaming services.
But the majority of Alibaba's revenue still comes from China's
online shoppers buying from domestic businesses, a business
driven by growth in GMV.
Net income attributable to shareholders reached $1.93 billion,
or 76 cents per share. Excluding items, Alibaba earned 99 cents
per share.
Revenue rose to 34.53 billion yuan in the quarter ended Dec. 31,
compared with the average analyst estimate of 33.33 billion yuan,
according to Thomson Reuters I/B/E/S.
($1 = 6.5760 Chinese yuan)
(Reporting By Lehar Maan in Bengaluru; Editing by Saumyadeb
Chakrabarty)
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