Cramer Digs Into Alibaba's Q4 Results, Highlights The State Of Chinese Consumer And Gains In Mobile

Shares of Alibaba Group Holding Ltd BABA were trading higher by more than 3 percent Thursday morning after the company reported its fourth quarter results.

Alibaba said it earned $0.47 per share in the quarter on revenue of $3.75 billion. Wall Street analysts were expecting the company to earn $0.60 per share on revenue of $3.59 billion.

Jim Cramer discussed Alibaba's results during Thursday's edition of "Squawk On The Street."

Cramer began by highlighting an interesting aspect of Alibaba's results. He noted that the company saw a 41 percent growth in Chinese retail marketplaces, which may indicate that the state of the Chinese consumer is "very good."

David Faber, the segment's host, jumped in and suggested this is the "cleanest gauge of consumer spending" that's available. He also pointed out that Alibaba reported that 71 percent of its revenue was derived from a mobile device, up from just 40 percent in the same quarter a year ago.

Cramer went on to suggest Alibaba's performance is essentially driving Yahoo! Inc. YHOO higher since nothing else "is going on there."

Yahoo owns approximately 34 million shares of Alibaba and Cramer argued that Yahoo could sell its stake in Alibaba and use part of the proceeds to acquire Yelp Inc YELP.