Alibaba Group Holding Ltd's (BABA.N) shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.
Xaiomi is alleged for keeping the record of the user's incognito mode searching and sending the data to Alibaba in Singapore and Russia organized servers.
In a world of self-driving cars and same-day deliveries, Alibaba has decided to combine the two, announcing today they are working on a driverless delivery robot that will bring packages to your door.
Contrary to popular beliefs, Amazon, while a retail giant, is not the largest retail company in the world. That spot is reserved for Alibaba, and with good reasons. It’s a company that is very important to China’s dominance in the world’s economy, and even it is considering the idea of cutting its workforce.
Their stuff is dirt cheap as well. I got some good deals on clothing for like $5 bucks a pop.
