Daily Management Review

Alibaba's market cap becomes the largest in Asia


Chinese Internet company Alibaba has become Asia's largest capitalization company. Now it ranks seventh in the world in terms of value, according to Nikkei Asian Review.

hinglish Notes
hinglish Notes
As of December 20, the company's capitalization increased by 60% compared to the end of last year - up to $ 570 billion. Among global companies, Alibaba is priced between US Facebook, estimated at $ 588 billion, and Berkshire Hathaway ($ 554 billion), according to the newspaper.

The largest capitalization company in the world is the Saudi oil Saudi Aramco. Trades in its shares began on December 11, the company is estimated at 1.89 trillion dollars.

Following are five consecutive American companies: the second largest company in the world is now Apple (1.24 trillion dollars), the third is Microsoft (1.2 trillion), then come Alphabet, which owns Google (931 billion), Amazon (886 billion) and Facebook.

Chinese Alibaba listed on the New York Stock Exchange in 2014, raising $ 25 billion. In November of this year, trading in shares of the company on the Hong Kong Stock Exchange began. Investors bought stocks on the stock exchange for 11 billion dollars, the newspaper said.

source: asia.nikkei.com