Apr 06

Alibaba Surpasses Walmart As Largest Retail Company In The World:

We may not have the exact numbers yet, but in a filing with the SEC on Tuesday, China’s online retail behemoth Alibaba Group announced that it had “become the largest retail economy in the world” at the end of its fiscal year on March 31, “as measured by gross merchandise volume (GMV) on its China retail marketplaces.” As IBT notes, the company has yet to declare its financial results for its last quarter and the complete fiscal year, but the announcement makes it clear that BABA surpassed the $482.1 billion in 2015 revenues reported by Wal-Mart Stores Inc. for its fiscal year ended Jan. 31. To wit: Continue reading »

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Jan 30

BABA Bye Bye: Chinese MegaCap Plunges Below Post-IPO First Print (Zerohedge, Jan 29, 2015):

Alibaba is down over 10% this morning following a disappointing earnings release. This comes on the heels of selling pressure after the Chinese government released its report claiming significant “issues” at China’s richest man’s company. A combination of weak revenues, a 28% plunge in net income, slower than expected growth on its Tmall platform (and disappointment at the progress into mobile advertising) have sent the stock tumbling back near Facebook’s market cap.

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Sep 23

Jack Ma: If You’re Poor At 35, You Deserve It (Zerohedge, Sep 22, 2014):

Jack Ma believes people lose out in life because of these 4 reasons: Being myopic to opportunity, Looking down on opportunities, Lacking understanding, or Failing to act quickly enough. “You are poor, because you have no ambition.” Go big, or go home. Otherwise, you’re wasting your youth.

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