ANALYST: Brean capital comments on Alibaba

Brean Capital on Wednesday reported on Alibaba BABA. The report highlighted statements from COO Yong Zhang who said, “that ecommerce's development opportunities should focus mainly on four trends: shifts from PC to mobile, from goods to service, from online to offline, and from domestic to international. For Alibaba, its strategic direction will be towards marketization, data aggregation, globalization and ecosystem creation.” Analysts Fawne Jiang, Anne Shih, and Long Lin noted that Alibaba is looking to expand, as the company plans to acquire a stake of New China Life to enter the insurance market. Xiruo Wang, VP of Alibaba disclosed that the GMV of vendors on Alibaba's platform increased 72% from last year while the total number of vendors went up by 64%. Negatively the analysts reported that Alibaba Pictures is expected to lose HKD 600 million for the 2014 fiscal year. Brean Capital currently rates Alibaba as a Buy. Alibaba has traded at $99.82, down 3%.