Morningstar puts Alibaba’s equity value at $220 billion and expects the Chinese e-commerce giant’s IPO to raise $26 billion.
Alibaba is China’s e-commerce giant, in many sectors including B2B, B2C and C2C on both mobile and PC online shopping. Is Alibaba generating more revenue than Amazon? Let’s take a look:
Amazon’s et sales increased 22% to $74.45 billion in 2013, compared with $61.09 billion in 2012 while Alibaba had revenue of $7.7 billion last year. However, Alibaba’s net profit is more promising than Amazon: