Alibaba Market Cap Larger Than Facebook, GE, Walmart
David Curry | | Nov 13, 2014 08:30 AM EST |
(Photo : Reuters) Alibaba is Chinese largest export on the NYSE stock market, but how big is the company, compared to other large US businesses?
Alibaba is one of the hottest companies right now, in China and on the New York Stock Exchange (NYSE), and as its market capitalization continues to grow, its sizing up against some of the largest companies in the world.
Currently Alibaba has a $285 billion market capitalization, but this could increase to $300 billion in the next few weeks, after Alibaba surpassed its own projections on China's Singles Day.
Like Us on Facebook
This puts Alibaba just behind Johnson & Johnson - a multi-national medical company - currently sitting on a $305 billion valuation. Other companies ahead of Alibaba include: Apple, Exxon Mobil, Microsoft, Google and Berkshire Hathaway.
Right now Alibaba is already ahead of Wal-Mart, the largest retail company in the U.S., with even more high revenue operations in Europe and Latin America. It currently has a $254 billion valuation.
Facebook is far behind Alibaba, with a valuation just peaking over $100 billion. This is not as surprising, considering Facebook's primary revenue comes from advertising, currently only available on the social network.
General Electric might be more surprising however, with a valuation of $265 billion it sits $20 billion behind Alibaba. General Electric is the conglomerate behind hundreds of companies, with over 300,000 employees and revenue of over $150 billion, it has over 10 times the employees and 15 times the revenue.
Alibaba is also valued higher than JPMorgan Chase, Wells Fargo, Bank of America and Citigroup, the four largest banks in the U.S. Again, all four banks employ almost ten times the workforce and have over five times the revenue of Alibaba.
What makes Alibaba so highly valued? Its early dominance in the Chinese e-commerce and its continued efforts to control everything paid for digitally. All of the companies listed behind Alibaba might be larger, but they've been doing pretty much the same thing as they did 10 years ago, while Alibaba continues to look for new opportunities.
TagsWalmart, General Electric
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?