The One Company That Could Be Amazon's Biggest Threat
This article was first published by MyWallSt. Do you want access to 25 years of market-beating experience in one day? Find out more about MyWallSt's exclusive InPerson November event!
Ten years ago, if you were to ask average Westerners if they had ever heard of AliExpress -- a subsidiary of Alibaba -- they would probably have had no idea what you were talking about. Jump ahead to 2019, and Alibaba Group (NYSE: BABA) is on the rise, with a market cap of almost $500 billion.
Born from the ashes of the dot-com crash in 1999 and led by founder (and then-CEO) Jack Ma, the company quickly became an established e-commerce platform in its native China. From e-commerce and payments systems to cloud services and artificial intelligence, there are few sectors left in which Alibaba hasn't already established a strong presence.
Source Fool.com
