Alibaba Has A Market Value Of $500 Billion

- Jan 27, 2018-


Alibaba group (nyse: BABA) shares hit a record high of $198.86 on Wednesday. The company also became the second Chinese technology company with a market value of more than $500 billion after tencent, according to the closing price. Over the past 12 months, alibaba group shares have risen 47 percent, outperforming the 25 percent rise in the standard & poor's 500 index. Shares in the company rose $3.25, or 1.69 percent, to $195.53 in regular trading on the New York stock exchange on Wednesday. At one point, alibaba group shares hit an all-time high of $198.86. At Wednesday's closing price, the company is valued at about $501.7 billion.——