Alibaba leads Asian listed firms in mar­ket value

That's China - - Goings On -

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)

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