Alibaba’s stock development is not as impressive as Amazon’s. However, in general the price development is quite satisfying. Currently, the stock notes at approximately 208 USD. Therefore, the stock is above the averages of 100 and 200 on daily and weekly basis.
During the last quarter Alibaba increased its sales by 61 percent. Amazon was way superior by increasing its sales by 125 percent.
Despite the fact that the media usually calls Alibaba the competitor of Amazon, one needs to keep in mind that the two companies are active on two entirely different markets. Alibaba in China and Amazon in the US and Europe.
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