ĘBAY AND ALIĘXPRĘSS WOOCOMMĘRCĘ IMPORTĘR [PURCHASED] UPDATED Feb/2017

ĘBAY AND ALIĘXPRĘSS WOOCOMMĘRCĘ IMPORTĘR [PURCHASED] UPDATED Feb/2017

Nonetheless, Wee said that whether these  and these strategies can get Alibaba Group Holding Ltd (NYSE:BABA) over Amazon.co m, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY) remains to be seen.

Wee said, however, that this two-pronged att ack highlights how Alibaba Group Holding Ltd (NYSE:BABA) is leveraging its strengths  Amazon.com, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY).

Meanwhile, in anot her  part of the interview, the  executive said that there are three factors driving the 25% growth year-ov er-year of electronic commer ce in China. These factors are internet penetration, mobile commerce  growth, and  growth in lower-tier cities.



He said that Chinese internet penetr ation is  below half of the population (46%) which presents a lot of room to grow. Mobile  , he added would grow from the 1.5% of all commerce in the country in the last year. Meanwhile, lower-tie r cities will flock to online retail as brick-and-mortar stores cannot adequately support their demands , he said.

By June 30, Ken Fisher’s  Asset Management reported owning about 2.47 million shares in Amazon.com, Inc. (NASDA Q:AMZN) which dominates online commerce in the U.S. today.

eBay Inc (NASDAQ:EBAY) shareholde rs, on the other hand, includes Carl Icahn’s Icahn Capital Lp which reported owning about 30.8  shares in the company by the same period.




Download Free