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Business

Simon Hu is Stepping Down as CEO of Ant Financial

Breaking: Simon Hu is stepping down as the CEO of Ant Financial.

Ant Financial have been under huge scrutiny by the Chinese Government since they announced that they were going to try to IPO.

The Ant Financial IPO was going to be one of the biggest IPOs of all time.

Categories
Tech

Baidu Shares Jump 14% as it plans to Enter the Electric Vehicle Market

Baidu shares rose 14% on Tuesday after news was announced that the Chinese search engine based company was planning on building their own electric vehicles.

Its great to see that Chinese technology companies are starting to think about the EV sector and how they can disrupt the auto industry. Alibaba has also partnered with Chinese automaker SAIC to develop premium EVs for the Chinese market.

It will be interesting to see how this unfolds as technology companies are very well placed to enter this market and make huge disruptions in the same way Tesla has.

Categories
Business Stock Market Tech

What is the fundamental difference between Amazon and Alibaba? They seem similar, but with different business models

Here is the key difference.

Alibaba is a marketplace. They do not own the inventory of the merchandise sold. They put buyers and sellers together. Buyer and seller agree on terms online via their platform or offline.

Amazon’s main business is they own the inventory, and sell directly to the customer.

Both models have their Pros and Cons. Amazon has also turned into a very strong third party seller platform in recently years, but they still like to control a lot of the fulfilment.

Categories
Business Stock Market

Is Alibaba a Trillion Dollar Company?

No.

At the time of writing this article Alibaba (BABA) has a market cap of $545 billion.

Source: Yahoo Finance (BABA)