First, the market environment for Chinese Internet companies favor. Citigroup tracked six similar companies, including Baidu, Sina, Sohu, Youku potatoes, Tencent and Netease, in the past three months, the average price rose to 29%. Secondly, Alibaba Group's recent performance amazing site traffic. comScore data show that in July and August of page views, respectively, year on year growth of 184% and 150% higher than June's 144%. Independent user visits continuing growth and strong performance in July and August were 49% and 51%, higher than June's 51%.
These two factors will drive the Alibaba Group listing valuations. Alibaba Group similar companies current average in 2014 was 23 times forward earnings, and the company expects 2014 profit will be $ 4.3 billion. Therefore, Citigroup believes that the value of Alibaba Group reached $ 100 billion. If we consider 10% discount to market price, then the valuation of Alibaba Group, will reach $ 90 billion. This is expected to exceed the recent media speculation $ 70 billion.
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