Amazon becomes number one ecommerce player, snatches coveted crown from Alibaba - Information portal

Amazon becomes number one ecommerce player, snatches coveted crown from Alibaba

(no votes)

24.08.2015 Количество просмотров 452 views
amazon.jpgAmazon is now the crowned king of ecommerce, dethroning Alibaba after Q2, 2015 results of the US company, cumulated with the recent Chinese economic slowdown. Amazon is now valued at USD 240 billion whereas Alibaba is valued at USD 180 billion. 

The Chinese ecommerce platform has seen its market capitalization share fall almost 30%. With the recent Chinese economic decline, coupled with the China International Payment System’s (CIPS) decision to scale back its international payment system, Alibaba has been affected significantly by this double blow. 

Developments in China have forced a number of Alibaba’s investors to reduce their shares in the ecommerce firm and JPMorgan Chase & Co., Wellington Management Group and TIAA-CREF Investment Management have, on average, decreased their shares in Alibaba by 42%. In recent news, Amazon has surpassed Walmart in valuation after a recent surge in its stock prices.
Source:  The Paypers


Events

     
  from 5.03.2017 to 9.03.2017 EuroShop  
  from 18.04.2017 to 19.04.2017 4th International PLUS-Forum “Online & Offline Retail» 2017  
  from 7.06.2017 to 8.06.2017 8th International PLUS Forum “Cards, Payments and Mobile 2017”  
 
  All Events
 

Retail-loyalty.org - only
the main news on the Market!

Subscribe!