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 Replies: 27 / Views: 4,402 |
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Moderator
 United States
16679 Posts |
Jack Ma founded it in 1999 with $60,000 invested. It's now a $231 billion dollar company.
Nuts!
swcoin.ecrater.com
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Moderator
United States
188513 Posts |
Heard on the news this weekend... Alibubble.  |
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Pillar of the Community
United States
3453 Posts |
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Alibubble Awesome!  I read about the suspected alibaba effect last week on US tech stocks but did not put 2 and 2 together. Can't wait for the alibubble-burst. |
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Valued Member
United States
269 Posts |
You know, Alibaba dont make or sell anything, its just like ebay only BIGGER, ebay is just as bad now allowing all the fakes to be auctioned So in my book, ebay & Alibaba = same thing except Alibaba is bigger Where do I sign up for an account on Alibaba? |
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Pillar of the Community
 United States
4592 Posts |
aliexpress.com is the b2c site. It's a subset/superset of the b2b site with manufacturers and wholesalers doing small lot sales, down to 1 piece. Exactly the same as the BIN from Hong Kong or Shenzhen on ebay. The AliExpress site is not quite as easy to use as ebay - almost none of the sellers are native speakers of English so things can be hard to search for, but they are working on the site every day improving things - the front page is as well laid out and easy to use as ebay. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Valued Member
United States
269 Posts |
Wasnt serious about an Alibaba account, just making a point  |
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Pillar of the Community
Canada
2519 Posts |
I think this is getting too far - Yahoo Indonesia is running 3 articles on Alibaba (in a positive light) at the same time.  |
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Valued Member
United States
269 Posts |
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I think this is getting too far - Yahoo Indonesia is running 3 articles on Alibaba (in a positive light) at the same time. If I had a 20% stake as do Yahoo,i would promote them also |
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Pillar of the Community
United States
3789 Posts |
YHOO fell the other day because its already been priced into the stock price for a long time....and as the IPO rolled around the obvious trade and correct trade was to sell yahoo and then that triggered fresh rounds of short selling.
as it broke certain price levels on the way down, YHOO triggered other traders and desks to sell short. Desks all over the world were banking coins all day on a very simple, easy well done trade, it was textbook.
BABA, the ones making money on this are first the underwriters. Next are high net worth investors who are placed shares BEFORE the IPO day, they then can flip the shares they received at 68 for 90 as an example.
right now unless you are an intra-day trader it will be very difficult to make money on the stock, it has no price history.
Investing in the company also brings risk as well.
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Moderator
United States
23522 Posts |
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Investing in the company also brings risk as well. Very true. Fortunately, from the looks of things you can't actually invest in the company itself. |
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Pillar of the Community
Canada
3692 Posts |
Retailers are the same as the manufacturers in that they push the same product; they live off the same end-user. When a market like this is allowed to thrive they are just as culpable as the manufacturer; it's called abetting, whether they make the product or not, whether they sell directly or not .
It blows my mind that a site has the name of the world's greatest thief but people look the other way. That mentality will prevail until people themselves become victim to scammers. They probably generate enough taxes so that the people on top look the other way.
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Valued Member
Canada
65 Posts |
And this just came in today:
"Alibaba Group Holding Ltd.'s financial affiliate won approval from Chinese authorities to establish a privately owned bank, regulators said Monday, as the e-commerce giant moves further into financial services.
The China Banking Regulatory Commission said it gave approval to start a bank to a financial affiliate of Alibaba Group that also is the parent company of Alipay, which processes e-commerce payments and is crucial to Alibaba's operations. It said the bank would be headquartered in Hangzhou, the eastern..."
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Replies: 27 / Views: 4,402 |
First Page
Posted 09/22/2014 10:23 am
