Alibaba Stock To Hit $200?

by Susan Paige on December 14, 2017 · 0 comments

Alibaba (BABA) stock continues to attract investors, demonstrating solid growth and widely seen as having a positive outlook for the foreseeable future.  Many traders are now confident that the price could hit $200 within the next few months. The stock started the year below the $100 level and is currently hovering around $185.

 

To take advantage of opportunities on this highly sought-after stock, you can use stocks trading brokerage companies like UFX.com, which offers an impressive selection of assets, generous leverage, competitive spreads, and a wide range of cutting-edge charts and tools.

 

Figures for Singles’ Day in China underlined the huge potential of the country’s most famous company. Sales across the nation hit $1 billion within just 2 minutes, and by the end of the day, had exceeded $ 25 billion. As one of the most important shopping events in the Chinese calendar, Singles’ Day is now far more significant in terms of overall earnings than Black Friday in the U.S. It is becoming more popular every year, making it central to Alibaba’s profits and future plans.

 

Launched in 2014, Alipay, a Chinese version of PayPal, is also widely used by businesses and customers for online transactions. During Singles’ Day, 90% of Alibaba’s volume was recorded on mobile through Alipay – compared with about 80% in 2016. This is an important growth factor for the company, as Alipay is already one of the most important payment platforms in the country. The CEO of Alibaba, Daniel Zhang, recently summed up the watershed moment in Chinese consumer culture, saying that Chinese customers “have now fully embraced the integration of online and offline retail”.

 

Another product that could support Alibaba Group’s continued growth is “Alibaba Cloud”. The company’s cloud computing division was established back in 2009 and is now the most important provider of cloud computing services in China. Worldwide, Alibaba’s cloud business side is ranked 4th, behind only AWS, Microsoft, and IBM.

 

Having started out as a simple B2B online platform, Alibaba now controls a complex economic ecosystem, showing just how far the company has come and how far it could yet go, with brands including TMaa, Alipex, Taebao, Aibaba Music, Alibaba Pictures, Alipay, Cainiao, and Koubei.

 

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