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Why China’s Alibaba.com Is Such a Big Deal For Investors – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.

If you think Amazon.com Inc. (Nasdaq: AMZN) will do a booming business on Cyber Monday this year, consider that Chinese shoppers will spend more money today with that country’s top e-commerce website, Alibaba.com Ltd., than American shoppers will spend on Black Friday and Cyber Monday combined.

The reason is that Nov. 11 is China’s “Singles Day,” a manufactured holiday similar to Valentine’s Day in the U.S.

Alibaba.com was the topic this morning (Monday) as Money Morning Chief Investment Strategist Keith Fitz-Gerald joined Stuart Varney on FOX Business “Varney & Co.”

If Alibaba.com sounds familiar to American ears, it may be because Yahoo! Inc. (Nasdaq: YHOO) owns 24% of that company and stands to gain from its continued dominance of the Chinese e-commerce market.

What’s more, American investors will soon be able to buy a piece of the company for themselves, as both the New York Stock Exchange and Nasdaq are said to be competing for a U.S. Alibaba.com initial public offering expected to take place in 2014.

In the video below, Keith talks about why U.S. investors should keep a close eye on Alibaba.com.

 

 

In case you missed it, here’s what Keith thinks of the Twitter IPO.


Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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