Alibaba leads Asian listed firms in market value
Alibaba Group Holding Ltd, the world's largest e-commerce platform, closed at $104.64 per share on the New York Stock Exchange on September 17, totaling over $266 billion, the highest market capitalization of any Asian listed firm.
Another Chinese internet company, Tencent Holdings Ltd, topped the Asian listed-firms market capitalization earlier this month.
Alibaba reported stellar growth in the second quarter of this year, with revenue rising about 59 percent year on year, the strongest rise since its IPO two years ago. The company is hoping for momentum in its financial, cloud computing and logistics services over the next decade. (Source: China Daily)