Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Alibaba (BABA) Passes Wal-Mart (WMT) Market Cap

Alibaba Group Holding Ltd (NYSE:BABA) is again making a name for itself as it is nipping at and surpassing the market capitalization of U.S. retail giant Wal-Mart Stores, Inc. (NYSE:WMT), Betty Liu and company discuss on Bloomberg’s In The Loop.

As of press time, Alibaba Group Holding Ltd (NYSE:BABA) and Wal-Mart Stores, Inc. (NYSE:WMT) are both near the $250 billion mark in market capitalization with the Chinese electronic commerce juggernaut having the upper hand.Alibaba, Wal-Mart, is WMT a good stock to buy, is BABA a good stock to buy, Matt Miller said that Alibaba Group Holding Ltd (NYSE:BABA) is “almost kind of a prince” of the retail industry as it surpassed the market capitalization of Wal-Mart Stores, Inc. (NYSE:WMT). This was in reaction to Liu saying that the company is the new king of the industry.

Furthermore, Miller noted that Alibaba Group Holding Ltd (NYSE:BABA)’s share price got a boost from Apple Inc. (NASDAQ:AAPL) CEO Tim Cook saying at the Wall Street Journal Digital conference that he loves to partner with people like Jack Ma. Ma, the founder and top executive of Alibaba, was also not short on praises for Apple and Tim Cook.

As an effect of the exchange of praises, people are venturing that Alibaba may partner with the iPhone maker especially through the Apple Pay system.

Meanwhile, Mia Saini said that it’s only a matter of time for Alibaba Group Holding Ltd (NYSE:BABA) to go even higher than the level it has now as it surpasses Wal-Mart Stores, Inc. (NYSE:WMT). She said that conversations with analysts bring forth points like the readiness of the Chinese electronic commerce company to make deals and its massive hoard of cash.

Wal-Mart Stores, Inc. (NYSE:WMT) shareholders includes Warren Buffett’s Berkshire Hathaway with a stake comprised of about 58.8 million shares of the company by the end of the second quarter.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!