Another Reason to Like Alibaba (BABA) Stock: It’s Arming China’s Sellers
In fact, he’s not even looking to become more like Amazon — a retailer — in China. Ma says it’s truly aiming to remain more of a middleman, like eBay Inc (NASDAQ:EBAY). As it turns out though, with Amazon now getting into the grocery business with its bid for Whole Foods Market, Inc. (NASDAQ:WFM), the similarities between the two e-commerce giants are growing again.
Source:: https://finance.yahoo.com/news/another-reason-alibaba-baba-stock-201629869.html
