Shares & Derivatives
Alibaba Group Holding Limited
By A Pen Quotes  •  July 30, 2017
Alibaba Group Holding Limited:
  • The company accounts for 80% of all online retail sales in China.
  • As of 2015 the company has 350 million active users, larger than the entire population of the United States.
  • Alibaba recorded $9.3 billion worth of orders in just one day in November 2014, during the holiday known as “Singles Day.”
When I first started doing the e-commerce stint using Fulfillment by Amazon (FBA), I inevitably used the portal Alibaba (to source for goods from manufacturers). I have been planning to start a US stock portfolio for the longest time. However, with the US markets at all time high, I have been shelving it. For the US Portfolio, I was looking for growth stocks, and hopefully, companies with high profitability and low capital expenditure. Inevitability, the FAANG stocks would come to mind – Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOG). However, to me, I would probably also classify Alibaba up there as well (just that it originated from ......
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By A Pen Quotes
Hi, I am a typical guy born in 1976. You can call me ‘T’. Family: I have a lovely wife and 2 kids (a boy and a girl). To me, they are the best things that happened in my life. Work: I’m working full-time in the construction industry. Interests: I like to swim, draw and read up on financial articles. I have started a Youtube channel on sketches. Do check it out here.
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