The Key Differences Between Alibaba And Amazon In One Chart
China's Alibaba Group is becoming a serious threat to Amazon.
The e-commerce giant made its market debut Friday in one of the largest public offerings of all time. The IPO was priced at $68 per share, giving Alibaba an initial market value of about $168 billion. That exceeds Amazon’s market capitalization of $150 billion, as of its closing price Thursday of $325.
Alibaba's websites account for 80% of all online commerce in China and its sales are growing rapidly. But its revenues are still only a fraction of Amazon's.
Here's a brief breakdown of the two companies and how they compare from the website SmartIntern. (It was made before the IPO.)
Read more: http://www.businessinsider.com/alibaba-versus-amazon-2014-9#ixzz3DnxE8vDm
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Alibaba Is Already The Fourth Most Valuable Technology Company In The World
Alibaba, the e-commerce giant out of China, made its Wall Street debut on Friday. It was the biggest initial public offering of all time.
Alibaba raised a whopping $29.7 billion for its IPO, easily topping the previous record holder, Visa, which raised $17.9 billion in 2008.
The IPO was initially priced at $68 per share with a market value of $168 billion. But shares began trading Friday morning at $92.70, up 36% from the initial IPO price, to achieve a market cap well over $228 billion.
Thanks to its tremendous market entrance, Alibaba is officially one of the most valuable technology companies in the world.
Business Insider Intelligence
With its $228 billion valuation, Alibaba is in the fourth-place spot in the top 10 most valuable tech companies. The most valuable company, with its $611 billion valuation, is Apple, the maker of iPhones and iPads. In the second-place spot is Google with a $400 billion valuation, and Microsoft is not far behind with a $384 billion valuation.
Though Apple is 2.6x more valuable than Alibaba, Jack Ma’s e-commerce giant is still more valuable than several other tech giants, including Facebook, IBM, Oracle, Samsung, Intel, and Amazon — in that order. Considering Alibaba is most often compared to Amazon, this is quite an achievement: Amazon had a five-year head start on Alibaba, and Jeff Bezos' online retail company also employs 3.7x more people than Ma’s company.
Read more: http://www.businessinsider.com/alibaba-is-already-the-fourth-most-valuable-technology-company-in-the-world-2014-9#ixzz3Do1VfN4s
