Alibaba tops Forbes' list of most valuable investment targets in 2016
Alibaba is listed by Forbes as having the most investment value in the world. [Photo: myzaker.com]
Chinese e-commerce giant Alibaba has topped a Forbes list of companies with the most investment value in the world last year.
Forbes listed the top ten companies in the world which have the most investment value. Facebook and Uber have occupied the second and third places, respectively, reports ce.cn.
Alibaba's fast growth in cloud computing and e-commerce, as well as its increasing investments in digital entertainment and life services, have made the company welcomed by global investors, revealed Forbes.
As of April 19th, the share price for Alibaba was USD 110.76, with its total market capitalization reaching USD 276.4 billion, reports ce.cn.
To date, the trading price of Alibaba's shares is still 15% higher than that of its initial public offering. Given the company's growth in cloud computing and e-commerce, even a share price of USD 130 could be considered conservative for Alibaba, said financial magazine Barron's.
Alibaba's headquarter in Hangzhou, Zhejiang Province. [Photo: hexun.com]
In 2016, online retail sales in China totaled 5.16 trillion yuan, a 26.2% year-on-year growth. The trading volumes on Alibaba's online shopping platforms reached 120.7 billion yuan on November 11, 2016, now an annual online shopping spree in China.
Apart from Alibaba, another four Chinese companies are also on the Top 10 list, including Didi Chuxing, a one-stop mobile ride-hailing platform; Zhongtong Express; e-commerce company JD.com and electronics company Xiaomi.
Foreign companies Snap, WhatsApp and Airbnb are on the list as well, reports ce.cn.