The Single Best Barometer of China’s Economy Just Crushed

The savage Chinese are undergoing a transition, one that America underwent 100 years ago, from a manufacturing powerhouse to a bunch of consumers prancing around in $300 underwears, buying shit like gluttonous beasts.

Alibaba beats by $0.03, beats on revs; SEC inquiry has concluded with no action
Reports Q2 (Sep) earnings of $0.57 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.54; rev +32% to $3.49 bln vs. $3.39 bln consensus.
GMV transacted on our China retail marketplaces was RMB713 billion (US$112 billion), an increase of 28% year-over-year
Mobile GMV accounted for 62% of total GMV transacted on our China retail marketplaces; mobile revenue was RMB10,520 million (US$1,655 million), representing a year-on-year increase of 183%;
“Growth of our cloud computing and Internet infrastructure business accelerated, with revenue increasing 128% year-over-year to RMB649 million (US$102 million).”
“Our ecosystem continues to thrive. By the end of the September quarter, our annual active buyers grew to 386 million, and mobile MAUs grew to 346.”
Blended monetization rate to 2.42% in the current quarter from 2.30% in the same quarter of 2014.
As previously announced, we received an inquiry from the U.S. Securities and Exchange Commission in February seeking information regarding our interaction with one of our Chinese regulators, the State Administration for Industry and Commerce, and related matters. We voluntarily cooperated with the SEC’s inquiry. The SEC has notified us that it has concluded its inquiry and, based on the information it has received, it does not intend to recommend an enforcement action against us.

Jack Ma and his Alibaba family of websites are providing the Chinese with an easy to use portal, whereby he is able to extract all of the people’s savings–something that has been nearly impossible to do until now.

Unlike their American counterparts, the Chinese don’t usually spend a lot of money, opting to save it for the next 100 years instead. Thanks to technology and the infiltration of American culture, they too will succumb to our corporate hegemony, effectively opening a grand avenue for our corporations to exploit.

In other words, the Chinese economy can’t be all that bad with these sort of numbers out of BABA.