| Videos | Channels | Search |
Five things you didn't know about Alibaba
Alibaba is the best known online retailer in China, the group makes the astonishing claim that it has almost 80% of total Chinese mobile retail. Remember, China has more than three hundred million online shoppers.
The online giant has now filed for an IPO on the New York stock exchange, so here are five things you didn't know about Alibaba:
Alibaba dominates online retailing in China with 11.3 Billion annual orders. That’s more than Amazon and Ebay put together.
Alibaba’s retail websites have 231 million active buyers.
Last year Alibaba sites handled sales worth almost $6 Billion in ONE DAY, China’s ‘singles day’(a bit like Valentines’s day but for single people).
More than 4 Billion parcels were delivered globally by UPS in 2013, as a result of Alibaba sales.
Because of Chinese restriction on foreign investment in internet firms, Alibaba shares will be sold in a holding company based on the Cayman Islands.
00:58 minutes
Tags: alibaba, alibaba going public, alibaba group, alibaba investment, alibaba ipo, alibaba logistics, alibaba market share, alibaba new york, alibaba public offering, alibaba revenue, alibaba shares, alibaba shipping, alibaba stock price, alibaba stocks, aliplay, amazon, angus walker, china, china 2014, china economy, china equity market, china growth, china in 2014, china politics, chinese economy, ebay, jack ma, online, online business, online companies, online company, online retail, online retailer alibaba, online retailers, online sales, online shopping, online trading, retail sales, retail trader, saxo tv, stock, stock correction, stock exchange, stock futures, stock market, stock markets, stock pick, stock picks, stock price, stock prices, stock trading, stock trading 2014, stocks, stocks to watch, stocks unstoppable, tech, tech companies, tech company, tech firms, tech sector, tech stocks, technical analysis, technology, technology companies, technology industry, tradingfloor.com, ups