Feed: The Big Picture
Posted on: Wednesday, May 07, 2014 13:31
Author: Barry Ritholtz
Subject: Alibaba: The _____ of China
| All the Western companies you'd have to combine to get something like Alibaba: click for larger graphic Alibaba filed for its IPO last night, and as you can see below, it is more than merely the "Amazon of China." If you want to know why the dollars involved are so large, and investors seem endlessly enthusiastic about the company, consider the sandbox they play in: In addition to onlineretail, Alibaba is also involved in cloud services, online payments, mobileOS/Apps, maps/navigation, group purchasing, ride sharing, microblogging, and music streaming. Amazon of China? More like the Amazon-Android-Dropbox-PayPal-Uber-Groupon-Spotify-Twitter-Hulu of China. |
