蜜芽传媒

The Asian e-commerce giant has just unveiled a 56% rise in quarterly revenues, which has added momentum to its shares, which are up about 80% so far this year.

Alibaba is becoming a major rival to Amazon, or eBay and with growth in its entertainment business Netflix will be looking over its shoulder.

Duncan Clark, author of "Alibaba: The House That Jack Ma Built," explains the Chinese company's success.

(Picture: Alibaba corporate logo. Aaron Tam/AFP/Getty Images.)