Alibaba may become the world's largest e-commerce company
Chinese e-commerce giant Alibaba may become the world's largest online retailer according to analysts, leaving behind rival Amazon. The market capitalisation of Alibaba surged from 65% to 87% at $404 billion as compared to Amazon's at $469 billion as of 16 August. Also, Alibaba's revenue increased from $992 million in 2011 to $23.5 billion in 2017. 