NEW YORK (TheStreet) -- (JD) - Get Report was gaining 2.2% to $32.72 Wednesday after Alibaba reported its second quarter results.

Alibaba reported revenue of $2.54 billion for the second quarter, a 45% increase from the year-ago quarter. Mobile revenue increased 111% from the previous quarter for the company. Alibaba saw net income of $1.99 billion in the quarter.

Must Read:50 Stocks Hedge Funds Love

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

JD data by YCharts

Image placeholder title

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.