Alibaba to Transform Chinese Economy and Perhaps Spur Competitors (Reuters)
Internet retailer, Alibaba Group, is looking to drag the Chinese economy into the 21st century whether it wants to come along or not. The company’s likely to make as much as $15 billion in an initial public offering (IPO), and when it does, it’ll pump that money into China’s “fragile supply chains and big data centers…” according to Paul Carsten of Reuters. However, the Asian Internet giant may also be planting the seeds for its own demise, as online upgrades will also encourage competitors to become more Internet reliant. Is this a long-term altruistic move for Alibaba, or a short-term cash grab? Investors will have to decide.
Like This Article? Now Get Mark's FREE Special Report: 3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: