Alibaba Surpasses Walmart As Largest Retail Company In The World
By Tyler Durden
We may not have the exact numbers yet, but in a
According to another statement from Alibaba, its online trading volume had reached about 10 percent of the total retail volume in China and directly generated 15 million jobs as well.
“We used 13 years to demonstrate the power of a different business model compared with brick-and-mortar retailers,” the statement said, according to the China Daily.
For now WMT’s market cap remains modestly bigger, even if BABA’s LTM multiple of 19x is about 4 turns greater than Wal-mart’s. As for the $275 billion Amazon, well that’s a different story entirely…
Source: Alibaba Surpasses Walmart As Largest Retail Company In The World
Posted April 6th, 2016 in Uncategorized.
