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Alibaba, What to Expect From 2Q Earnings

Alibaba (BABA) and (JD) have enjoyed big rallies this year as China's online sales continue to grow strongly, and investors will be hoping to see that strong growth reflected in second quarter earnings.

UOB Kay Hian analyst Julia Pan has taken a closer look at what to expect from the two Chinese e-commerce giants and she is expecting robust increases in revenue. China's online sales grew at a cracking 37% year-on-year pace in June.

Here's what Pan is expecting from Alibaba:

Core commerce will continue to drive revenue growth. According to management, Tmall recorded >40% yoy growth in GMV ytd, driven by the Uni-Marketing development. In addition, Alibaba has opened 12 Hema supermarts and 1 shopping mall...