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Why investors should still believe in Alibaba

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Alibaba posted revenue growth of 28% earlier this week, but that figure disappointed investors, wiping 8% off its share price on Wednesday alone. The stock is down around 30% since the beginning of the year. 

The results come during a week in which China devalued its currency, causing panic in the markets. The country itself is struggling with slower growth.

Neil Flynn, an expert on Chinese stocks, says the quarter needs to be put into context. Mobile's contribution to transactions grew, he points out, and in 18 months he thinks the company will see revenue growth from this. He also highlights the important deal with the electronics retailer Suning. And he discusses the threat from Alibaba's rival, JD.com.