Alibaba Might Not Be What You Think It Is
In September 2014, Alibaba Group Holding Ltd (NYSE: BABA) had the biggest IPO in U.S. history at $24 billion. Americans were clearly excited to get a piece of the giant Chinese company.
As of March, Alibaba reportedly had about 350 million active buyers that use its services, more than the entire population of the U.S. However, very few Americans have used or fully understand Alibaba’s services.
The Chinese Amazon? Since many U.S. investors don’t have first-hand experience with Alibaba, they have consistently drawn comparisons to the largest e-commerce company in the U.S.: Amazon.com, Inc.READ MORE