Alibaba’s Average Valuation Reaches $153 Billion on Earnings

Alibaba Group Holding Ltd.’s estimated valuation rose to an average of $153 billion after the Chinese e-commerce company, said to be headed for an initial public offering this year, reported surging sales.

That represents a 28 percent increase in value from the $120 billion average of six estimates in October. The company posted profit of $792 million for the three months ended September, a 12 percent increase from the June quarter, according to a presentation last week from shareholder Yahoo! Inc. Alibaba’s revenue surged 51 percent.