Knight Investment Limited

Alibaba Group Holding Limited reported second-quarter fiscal 2019 earnings of $1.40 per share, surpassing general guidance estimates by 28 cents. Also, earnings increased 14.8% year over year.

Wall Street's most bullish Alibaba Group Holding Limited analysts are predicting the share price to blow past $280 per share during the next 12 months.

Alibaba's payment affiliate Ant Financial has pumped in another $210 million in restaurant discovery and food-delivery platform Zomato, as the company ramps of spending for its market leadership battle against rival Swiggy.

In Japan, another popular destination for Chinese tourists, Ant has recently partnered with Yahoo Japan to drive the uptake of Alipay in the country.

Chinese tech giant Ant Financial on Monday set out major expansion plans to make the UK one of its biggest international markets for mobile payments.

Oil prices have hit a four-year high of over $81 a barrel after Saudi Arabia and Russia rejected calls by Donald Trump to increase production.

Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing's and Washington's fresh exchange of import tariffs as less harmful than initially feared.

Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite.

Alibaba Group Holding Ltd's billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being.

With the three-day weekend finished in the US the markets are back to work Tuesday. Knight Investment looks at Alibaba's reported revenues and see's how it can keep growing.