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Alibaba Group Holding Ltd (BABA) Is Silently Hunted By Amazon.com, Inc. (AMZN): Richard Barton

Both Alibaba Group Holding Ltd (NYSE:BABA) and Amazon.com, Inc. (NASDAQ:AMZN) like to reiterate  the  customer centric approach of their companies, and one of them is even using such remarks to divert questions regarding competitors. In a panel discussion on CNBC, Richard Barton, co-founder of Zillow shared what he thought was happening behind the media curtains.

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He lauded the focus on customers that Jeff Bezos, CEO of Amazon.com, Inc. (NASDAQ:AMZN) has been dishing out to the press, but he was also wary of the borderline paranoia of competitors that Amazon.com, Inc. (NASDAQ:AMZN) suffers from. Currently, Alibaba Group Holding Ltd (NYSE:BABA) has occupied the top spot on the company’s hit list.

“[…] Jeff and Amazon are incredibly focused on competitors, they are incredibly focused on not talking about them publicly. This is part of their stake and has always been part of their stake from the beginning […],” said Barton.

Alibaba Group Holding Ltd (NYSE:BABA) is a sore eye for Amazon.com, Inc. (NASDAQ:AMZN) which has the largest e-commerce market share in U.S., until now at least. Alibaba Group Holding Ltd (NYSE:BABA)’s recent debut has certainly made Amazon’s head turn.

Alibaba Group Holding Ltd (NYSE:BABA) has a market cap of $223 billion which is about $74 billion greater than Amazon.com, Inc. (NASDAQ:AMZN)’s market capitalization. Of course, that is a huge cause of concern for the viciously competitive Amazon.com, Inc. (NASDAQ:AMZN)’s management headed by Bezos. Their apparent indifference on the media, however, is appraisable.

As one of the panellists mentioned, if you put yourself in the shoes of Amazon.com, Inc. (NASDAQ:AMZN), which is 5 years older than Alibaba Group Holding Ltd (NYSE:BABA) and an e-commerce giant in its own right, and suddenly find out that a company from another side of the globe is getting higher valuations, it can’t be too comforting. Sooner or later, the two titans of the e-commerce industry are bound to lock horns.

Disclosure: none

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