Tuesday, November 4, 2014
Alibaba
Alibaba (BABA US): Google, Apple, Facebook - these US internet brands are etched in our minds because their ubiquitous influence are felt by all of us in our everyday lives.
Alibaba is the China equivalent; just ask any Chinese national for a testimonial.
Alibaba shares broke above the psychological US$100 mark yesterday, in advance of its results due pre-US market open today.
Analysts continue to paint a rosy outlook of the stock, but may still underestimate the sheer potential of China / global e-commerce growth.
With institutional interest just starting to appreciate this theme, we will also be covering this space more frequently in the future. Keep a lookout for more BABA news.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment