Alibaba Ranks Sixth in World Market Cap

Alibaba, one of China’s leading technology companies, has become the world’s sixth-largest company in terms of market cap. Alibaba has now ranked sixth in the world by market cap after Aramco, Apple, Microsoft, Google and Amazon.

On the 17th, according to the bridegroom finance minister, Alibaba’s market cap was 4,4083 Hong Kong dollars at the close of the Hong Kong stock market. In terms of US dollars, the company’s market capitalization surpassed US $ 56.6 billion at the close of Facebook’s 16-day closing time.

Alibaba was listed on the New York stock market in 2014, and last month it was listed on the Hong Kong stock market, trading in both the US and Hong Kong stock markets. Alibaba runs Taobao and Timor, China’s largest e-commerce platforms, and takes control of the Chinese electronic payment market with rival Tencent.

Sina Science and Technology News on the afternoon of December 17, as of midday, Ali (206.97, 2.06, 1.01%) had a market capitalization of 448.3 billion Hong Kong dollars, equivalent to 565.6 billion U.S. dollars, surpassing Facebook (197.92, 3.81, 1.96%) and becoming the sixth largest market value in the world The company is second only to Saudi Aramco, Apple (279.86, 4.71, 1.71%), Microsoft (155.53, 1.00, 0.65%), Google (1361.17, 13.34, 0.99%), and Amazon (1769.21, 8.27, 0.47%). According to wind data, Facebook’s current market value is $ 564.4 billion, and Alibaba has $ 1.2 billion.


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