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Friday, September 19, 2014
Ali, Ali, Ali debt we're free...
38% to $93.89 a share, Alibaba’s worth $231.44 billion, Chinese e-commerce giant is now worth much more than many of the large companies in the USA
While Ma said… Alibaba will be bigger than the USA's Wal-Mart, but the massive retailer is still worth $248 billion, he is close. While Google at $403 billion still ahead. Still leading Johnson & Johnson has a cap at $305 billion. Warren Buffett’s conglomerate at $339 billion. Wells Fargo is still up and worth more than Alibaba, with a market cap of $279 billion
However…
Ali is bigger Than proctor and gamble, P&G’s $229 billion. AT&T with a low of $184 billion. Coca cola even is only worth $184 billion. JPMorgan Chase as we know is lower than Ali at $230 billion. Even face book at $203 billion. Ali and the growing strong economy of consumers is Asia has just begun if we can switch positions with them as the biggest exporter to the ever-changing economy and make china our major consumer than the US may have hope.