[BABA] – Alibaba has made two announcements that may see shares impacted not only on Alibaba but on eBay and Amazon.
As the holiday season starts, Alibaba announce that they are going international by setting up a global version of Taobao – the online market place for consumers to sell to each other. At present, Taobao exists only in China and the only international platform for Alibaba is Aliexpress, which is limited to business to business commerce. This comes after the announcement this month that Alibaba intend to introduce Alipay into Australia, inviting Australian products to be sold to China. Taobao was initially going to be limited to agriculture and food products in Australia but this news of the C2C marketplace going international and in multiple languages, will give Alibaba a huge competitive platform against rivals eBay and Amazon.
The other news is that Alibaba is to sell its first bonds today with total trade value forecast at $8 billion, though Alibaba Singles Day sales this month actually topped this figure for purchases made in a day.
Since launching the IPO in September, Alibaba have taken on as much as 20 points.
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