< img src="https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=0wrPn1QolK10Cs" style="display:none" height="1" width="1" alt="" />

Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon

Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon

Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon

Chinese e-commerce giant Alibaba surpassed its US counterpart Amazon as the world’s biggest e-commerce company Tuesday as the Hangzhou-based company reached the threshold of 470 billion U.S. dollars in market value. Shares of Alibaba rose over 1.2 percent in mid-session on Tuesday to 184.32 dollars, hitting a market capitalization of 472.1 billion dollars. Meanwhile, stock of US online retailer Amazon declined 0.87 percent to 982.35 dollars a share, making the company’s market value total 471.9 billion dollars.

Written by

No Comments Yet.

Leave a comment

You must be logged in to post a comment.