, Inc  (AMZN) is an "online colossus, but doesn't really care about the bottom line," as it forgoes profits in lieu of growth, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Mad Dash" segment.

Another company that's an online colossus growing at a rapid pace, but not sacrificing profits? Alibaba Group Holding Ltd (BABA) , shares of which are up 4.45% to new all-time highs midday Thursday after the company crushed earnings per share and revenue expectations.

The online conglomerate grew sales a whopping 56% year over year, perhaps an unknown feat for a company sporting a $400 billion market cap. Earnings per share of $1.17 came in 24 cents per share or 26% ahead of analysts' expectations.

During last year's Delivering Alpha conference (hosted in September), Alibaba management told Jim Cramer that the company is capable of growing at a level unfamiliar to investors. Well, they are living up to it, he reasoned. This ought to make Dan Loeb and a slew of other fund managers quite happy.

"This was a remarkable quarter," Cramer said, adding that Alibaba reported having annual active members of 466 million people. It's easy for U.S. investors to forget just how big China is, given its population is roughly four times the size of the U.S. It's one reason why this analyst said to buy BABA a day before earnings. Cramer also gave his own strategy (click link) for Alibaba that is paying off Thursday.

Shifting gears, Cramer acknowledged the "economic war" between the U.S. and China. Certain industries -- like steel -- have been decimated as a result. And it's not just China. Cramer said, "we have a lot of trade partners that don't play fair." He named Mexico, Europe and South Korea as some of the other offenders. Tariffs don't necessarily send the right message and its economic impact is also questionable, he concluded.

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This article is commentary by an independent contributor. At the time of publication, the author had no positions in the stocks mentioned.

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