Alibaba Plans to be the Fifth Largest “Economy” in the World by 2036

Alibaba Plans to be the Fifth Largest “Economy” in the World by 2036

Jack Ma has said that Alibaba aims to be the fifth largest “economy” in the world by 2036. Alibaba has set a target to achieve US$1 trillion in gross merchandise volume in 2019 which would make it the 16th or 17th largest “economy” in the world. The firm strives to become a global business and serve as many as two billion consumers worldwide in 19 years time.

“Alibaba has set a target to achieve US$1 trillion in gross merchandise volume in 2019.”

~ South China Morning Post

General Electric and Wal-Mart Stores, among the largest companies on the planet with the most extensive network of operations, have been compared to economies in the past. Wal-Mart’s 2002 sales was comparable with Australia, the world’s 22nd-biggest economy.

Related Report: South China Morning Post

 

About Alibaba

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

Visit: Alibaba


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Alibaba’s Jack Ma Networth Increases by $2.8 Billion

Alibaba’s Jack Ma Networth Increases by $2.8 Billion

Jack Ma’s net worth increased by $2.8 billion overnight as Alibaba forecast sales growth topped analyst estimate.  He is now the richest person in Asia and has a net worth of $41.8 billion. His net worth has grown by $8.5 billion in 2017 and is now the 14th wealthiest person in the world.

“His net worth has grown by $8.5 billion in 2017.”

~ Bloomberg

The surge in Jack’s Ma net worth came after China’s largest e-commerce company forecast 45 to 49 percent revenue growth in the year ending March. Alibaba is capturing more digital advertising spending by incorporating social elements such as video in its shopping sites.

Related Reports: Bloomberg, Time

 

About Alibaba

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

Visit: Alibaba


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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Alipay Maybe Worth More than Goldman Sachs

Alipay Maybe Worth More than Goldman Sachs

Alipay was intended as a way for customers for Alibaba to purchase goods online. Now the business’s parent company may be worth $75 billion or more than Goldman Sachs Group Inc.

“Alipay’s parent company may be worth $75 billion or more than Goldman Sachs Group Inc.”

~Bloomberg

Ant Financial, Alipay’s parent company was valued at about $60 billion in June when it raised $4.5 billion. Estimates has it that most of Ant Financial’s value is in Alipay with a worth of $50 billion. The rest of the value comes from its micro loans, wealth management units, investments and cash on hand. This is more than Goldman’s $70 billion market value as of Monday.

Related Reports: Bloomberg, Sydney Morning Herald

 

About Alipay

Alipay.com is a third-party online payment platform with no transaction fees. It was launched in China in 2004 by Alibaba Group and its founder Jack Ma.Alipay says it operates with more than 65 financial institutions including Visa and Mastercard to provide payment services for Taobao and Tmall as well as more than 460,000 Chinese businesses.

Visit: Alipay


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Sovereign Wealth Funds Throw Funding Lifeline to Tech Ventures

Sovereign Wealth Funds Throw Funding Lifeline to Tech Ventures

Saudi Arabia and other Gulf States along side with state backed investors in Singapore & China and invested money into technology investments such as Uber, Alibaba and its private affiliates. With overall funding for start-ups slowing down by a third to $25.5 billion in the last two quarters, according to data from CB Insights, high-profile ventures are turning to government funds or institutional money to create “private IPOs” rather than to venture capitalists or public listings.

“High-profile ventures are turning to government funds or institutional money to create “private IPOs” rather than to venture capitalists or public listings.”

~ Reuters

And only about 10 of the world’s 80 or more sovereign funds have made sizeable investments in tech ventures so far according to market research firm Sovereign Wealth Fund Institute

Related Reports: Reuters, CNBC

 

 About Sovereign Wealth Fund Institute

SWFI, also known as the Sovereign Wealth Fund Institute, is a global organization designed to study sovereign wealth funds, pensions, superannuation funds, central banks, endowments and other long-term public investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. We provide specialized services such as research and consulting to various corporations, funds and governments. Our flagship publication, the Sovereign Wealth Quarterly, is the premier publication on public sector asset ownership and management globally.

Visit: Sovereign Wealth Fund Institute


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Alibaba Affiliate Ant Financial Raises US$4.5 Billion

Alibaba Affiliate Ant Financial Raises US$4.5 Billion

China’s biggest e-commerce company Alibaba Group Holding’s affiliate Ant Financial Services Group has closed the world’s largest private fundraising round for an Internet company at $4.5 billion, paving the way for a long-expected initial public offering. This values the company at roughly $60 billion.

“ China’s biggest e-commerce company Alibaba Group Holding’s affiliate Ant Financial Services Group has closed the world’s largest private fundraising round for an Internet company at $4.5 billion ”

~ The Wall Street Journal

Ant Financial, which operates Alipay, China’s biggest online-payments platform by transaction volume, raised its latest funding round from a clutch of investors including a Chinese sovereign-wealth fund and the country’s biggest insurers, according to people familiar with the situation

Related Reports: The Wall Street Journal, Fortune, CNBC

 

About Ant Financial

Ant Financial Services Group is focused on serving small and micro enterprises as well as consumers. With the vision “bring small and beautiful changes to the world,” Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Yu’e Bao, Zhao Cai Bao, Ant Fortune, Ant Check Later, Ant Financial Cloud, Sesame Credit and MYbank.

Visit: Ant Financial


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