E-Commerce companies play a great role in the development of the modern retail industry. Their securities become more demanded on different stock exchanges. Alibaba Group is one of the businesses that have a well-established image and keep attracting more new clients.
Alibaba Group is an e-commerce-based company registered as a commercial private entity in Hangchow, China. The company’s primary focus lies in trading operations between the company conducted by the B2B model and online retailing. Alibaba Group owns its payment system called Alipay.
The history of this company dates back to the 28th of June 1999. That day, Jack Ma together with his 17 friends created the website under the name Alibaba.com. The same year, the website received a 25 million USD investment from Goldman Sachs Group and Softbank.
Despite that, the company wasn’t profitable until 2002. In 2005, Yahoo! bought out 43% of Alibaba stocks. 20% of them were then rebought by Alibaba Group and listed on the Hong-Kong stock exchange. As of today, the biggest shareholder of the company is Softbank, which operates 25% of Alibaba stocks.
In 2014, Alibaba Group went public in the US and listed BABA stock on the New York Stock Exchange (NYSE). BABA stock is also listed on the Hong Kong Stock Exchange and might be bought through the mediatory of forex brokers.
Over the past 30 years, Alibaba Group has developed many means to provide its services. Alibaba Cloud, for example, was designed to give online businesses the possibility to use all benefits of cloud computing. Alibaba Group also developed a mobile operating system for smart devices and cars called AliOS.
One more development launched by the company is called AliGenie. This is a smart platform that works as a personal intelligent assistant and smart speaker. This platform is a good contribution to the development of artificial intelligence. Except for artificial intelligence, cloud computing, and mobile commerce, the company takes part in providing entertainment and mobile media service.
Despite the extensive range of products, Alibaba’s shares are popular mainly because of its huge impact on the world’s retail market. It has launched such popular shopping platforms as AliExpress, Taobao, Tmall, and 1688.com.
According to Yahoo Finance, as of the 25th of March 2022, the BABA stock price amounted to 112.99 USD. Over the past month, the stock quotes have performed a 5.9% growth because at the end of February the costs for shares amounted to 106.69 USD.
Over the past 5 days (as of the date when the article was written), the highest point in the Alibaba share price was reported to be on the 23rd of March at 11:30 a.m. The share was trading at 122.51 USD.
Over the past year, Alibaba's stock price has decreased by 101% - from 227.26 USD on the 22 of March 2021 down to the stock price today of 112.99 USD per share (as of the 25th of March).
BABA's stock forecast for the nearest future heavily depends on the financial performance of the company. In 2020, the company generated total revenue of around 109 billion USD. By the end of 2021, Alibaba Group increased these figures by 122.5% up to 242.6 billion USD.
Despite increasing revenues, the market capitalization of the company in 2021 was 49% lower than the year before - 648.31 billion USD vs 330.67 billion USD. The market capitalization in 2021 is even lower than in 2019 because that year the total net worth of Alibaba Group was estimated at 507.94 billion USD.
On the 1st of March 2020, the stock of Alibaba Group was trading at 194.48 USD. Since then, it has decreased by 41.9% and is now trading at 112.99 USD.
Alibaba’s shares are listed on DotBig. To trade these assets you have to register your personal account and choose the financial plan. After you make a deposit that corresponds to the chosen plan, you can invest in shares.
Over the past year, Alibaba's stock price has decreased by 101% - from 227.26 USD on the 22 of March 2021 down to 112.99 USD on the 25th of March 2022.
If you have a personal account on DotBig, you can trade shares of Alibaba Group in automatic mode. Use our trading signals and advisors, or sign up for the services of the social trading platform.
To authorize on the website and create a personal account, fill out the form, indicating your name, phone number, email address.
After registration, provide an identity document to verify your age and place of residence.
To start trading real money, the initial deposit can be made in any available way.
You can open/close deals on your own under the guidance of an experienced analyst or copy them from other traders.
No trading experience? Not a problem! With social trading, you can copy the trades of the best DotBig traders. Follow the rating and make a profit.Start trading