Alibaba logoThe largest e-commerce corporation in China, Alibaba.com, posted the slowest increase in profits for any quarter over the past two years. The blame was placed on the cooling trade prospects that are assumed to have resulted from the United States and European debt crisis.

Customer additions had a lower turnout due to the flabby macroeconomic environment. This in turn toppled the forecasts analysts had projected for the third quarter. A JP Morgan analyst, Dick Wei, admits that the company is shifting its focus to both quality suppliers and an increase in the complete product quality delivered to the consumer. They provide cutting edge services to assist the customer in identifying the quality of a product prior to shipping. There are no additional growth initiatives on the horizon for the company, which testifies that growth is not Alibaba’s chief concern at the moment. They are hoping revenue will kick in again in the next year or two.

+Continue Reading