Alibaba Group Holding Ltd (Hong Kong) 9988.HK

Alibaba is an eCommerce giant which was founded in China in 1999. Alongside its massive online shopping operations, Alibaba also provides technology infrastructure and other online solutions for merchants. The company is traded both on Wall Street and on the Hong Kong stock exchange. Please note that this asset page is for the Hong Kong stock.

After establishing its presence in China and East Asia, Alibaba continued to expand, generating a significant global presence and reaching a market of hundreds of billions of dollars. The company held its first Initial Public Offering (IPO) on Wall Street in 2014 and an additional offering on the Hong Kong Stock Exchange in 2019, under the ticker symbol 9988.HK.

The Alibaba chart may be impacted by various factors, including revenue and earnings, special sales events, such as its own creation, Singles’ Day, and rival companies, such as Amazon. In addition, the Chinese government’s internal affairs, and its relationship with other countries, can also impact the Alibaba stock.

As the largest company in China (by market cap), Alibaba also has business rivalries with other Chinese corporations, especially Tencent, which is one of its direct rivals. For the most recent updates and to get real-time updates regarding Alibaba price, add it to your eToro Watchlist.