Paul Bischoff · · 1 min readAlibaba IPO will make it biggest internet company in China and third biggest in the world
Alibaba will be the third-biggest internet company in the world by market cap if analysts’ estimates hold up. It will surpass both US ecommerce giant Amazon and Chinese rival Tencent.
Chinese companies take up four of the top 10 spots and make up three of the top six. Baidu (NASDAQ:BIDU) sits at number six, while JD (NASDAQ:JD) rounds out the top 10. Google (NASDAQ:GOOGL) leads by a long shot with nearly twice the market cap as runner up Facebook (NASDAQ:FB).
As Alibaba enters the fray, the landscape looks to be a lot more even between the US and China, but neither have made significant headway into the others’ markets. That could soon change, though. Alibaba is eyeing markets in Southeast Asia and the west, while Baidu entered a handful of countries outside China.
See: Here are all the must-see numbers on Alibaba ahead of record-breaking IPO
Alibaba is set to list on the New York Stock Exchange on September 19 under the symbol BABA.
Editing by Josh Horwitz
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