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Question By trader
Viewed: 22,530
9 years 7 months ago
9 years 7 months ago
What do you think about Alibaba valuation?
Topics:
Stocks & Bonds, Finance
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As you probably know today this Chinese ecommerce company called Alibaba went public on US market. And it shot up almost $30 to the incredible valuation of about $230-Billion! This means that Alibaba is valued more than IBM, Intel, Viacom, TimesWarner, etc. companies which have been around for Decades and are used by People World Wide whereas Alibaba is only used in China. So do you think Alibaba is a good buy here? Or grossly overvalued or undervalued?
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