8 Things to Know About Alibaba's Stock
Alibaba's (NYSE: BABA) stock price has nearly tripled since its IPO five years ago as the company impressed investors with its robust revenue growth, consistent profits, and expanding ecosystem. Let's highlight eight key things investors should know about this Chinese tech giant.
Alibaba was founded 20 years ago by Jack Ma, a former English teacher, and 17 of his friends in his apartment in Hangzhou, China. Its original site, Alibaba.com, was a B2B (business-to-business) marketplace that let Chinese companies export their goods to other countries.
Alibaba's growth led to the launch of Taobao; a C2C (consumer-to-consumer) marketplace; and its spin-off Tmall, a B2C (business-to-consumer) marketplace. These three marketplaces still generate most of Alibaba's revenue.
Source Fool.com
