Shares of Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) skyrocketed as much as 8.38% to $86.70 in pre-market trading Thursday after the company released its fiscal fourth quarter results. Alibaba’s Q4 revenue was well above the consensus estimates. For the March quarter, the online retailer reported a 45% increase in revenue to $2.81 billion, compared to the analysts’ estimate of $2.78 billion.