Alibaba Becomes Highest Valued Online Retailer

Alibaba Becomes Highest Valued Online Retailer

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Tara Bellucci
Sep 19, 2014
(Image credit: Nelson Ching/Bloomberg)

Today, Alibaba became the highest valued online retailer, estimated to be worth more than Amazon and eBay. Their IPO went live at $21.8 billion, the largest ever seen in the US. More than 100 million shares of the Chinese company traded within 20 minutes, with 200 million traded by early afternoon.

Alibaba May Be Worth More Than Amazon and eBay By End Of The Day | Racked

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