The IT group Alibaba has increased its sales in the third quarter by more than 50 percent. Unlike its competitor Amazon, the Chinese even write profits. Yet at least.

The Chinese Internet retail giant Alibaba continues its strong growth. In the third quarter, sales increased year over year by 54 percent to 2.7 billion dollars, as the company announced on Tuesday. The expectations of analysts was exceeded.

Net income for Alibaba July to September but only $ 494 million – more than 38 percent less than last year. The main reason for this was the company’s aggressive expansion into many areas of business. The company’s stock still rose in premarket trading to about three percent.

The company had stemmed the biggest IPO on the New York Stock Exchange on September 19 and collected about $ 25 billion from investors. Since then, the share price has risen by almost 50 percent. Alibaba is facing market value of competitors like Amazon chart or chart showing Ebay pulled past.

One of the major trading centers of the Group include the Taobao platform, Tmall and Juhuasuan. In the booming Chinese e-commerce market Alibaba is the number one.

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