Alibaba: the Amazon has become the world's largest retailer Alibaba, Alibaba IPO, Amazon-IT news
Alibaba: the Amazon into the world's largest retailer

Beijing News the night of September 19, based on market capitalization, Alibaba will overtake Amazon tonight and become the world's largest online retailer. This also provides new options for investors.

Alibaba tonight on the New York Stock Exchange IPO (initial public offering), the issue price is $ 68 a share. By then, Alibaba's market value would reach $ 167.6 billion, which surpassed the Amazon. Based on yesterday's closing price of $ 325, Amazon's current market capitalisation of US $ 150.2 billion.

In the e-commerce market, Alibaba's IPO would be a landmark event. , The global e-business core has been in the United States, and Amazon is the United States's most well-known online retailers. In addition to the impact on Wal-Mart and other retail, Amazon also entered the field of cloud computing, smartphones and grocery.

But, as a publicly traded company, Alibaba, who will be tried in a new e-commerce market for gold investors choice. In addition, tonight's IPO would give the company a further expansion of the capital, including in the United States market expansion, so as to better compete with Amazon.

By revenue, Amazon is still the world's largest e-commerce company. Last year, Amazon's sales of 74.5 billion dollars and Alibaba only 52.5 billion yuan (about 8.6 billion US dollars).

But the company's revenue rose higher than Amazon. Amazon is expected in 2015, revenue gains may reach 20%, and Alibaba 2016 fiscal year revenues are expected to grow 33%.

Alibaba's high rise thanks in part to the development of China's e-commerce market. Research firm eMarketer projected 2017 China's online spending will surpass United States. In 2013, the United States online spending of $ 263.3 billion, while China was 132.6 billion dollars.

Last year, Alibaba's profit of 23.1 billion yuan, and Amazon is only 274 million dollars. Ripen eCommerce online retail consultancy maikeer·tuduo, President of New Jersey (Michael Tudor), said: "Alibaba closely follow the development of e-commerce in China has proved its profitability, and Amazon challenges in this regard. ”