Wednesday, March 27, 2013

YHOO: ""By 2020 China’s e-commerce market is...

6:43 PM ""By 2020 China’s e-commerce market is forecast to be bigger than the existing markets in America, Britain, Japan, Germany and France combined," writes The Economist in a glowing piece about Alibaba. Already, the Chinese e-commerce/online payments giant's merchandise volume is bigger than Amazon and eBay's combined, though its Q312 revenue of $1.1B (+71% Y/Y) was well below eBay's $3.4B. With the help of its vast stores of customer data, Alibaba is counting on its expansion into domestic lending and overseas emerging markets to help maintain its heady growth. Read comments

YHOO price at time of publication: $23.59. Check YHOO price now »

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