5 Things You Didn't Know About Alibaba
Alibaba (NYSE: BABA) shares are trading up an incredible 95% year to date. While a few critics, like short-seller Jim Chanos, think the Chinese e-commerce giant's 56% increase in revenue is a little too good to be true, a peek behind the curtains of the company shows why this type of growth is possible.
Alibaba is often called "the Amazon (NASDAQ: AMZN) of China" because it's a quick way to describe the dominant e-commerce player located in the world's most populous country. But Alibaba is much more than an online retailer. If you want to know why Alibaba can confidently forecast 45% to 49% revenue growth for the next year and a $1 trillion gross merchandise value (GMV) target for 2020, you have to do a little digging.
Alibaba is more than just the "Amazon of China."
Source: Fool.com
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