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Alibaba vs. Amazon — Which Stock Should You Buy in 2021?
One of the Big Four tech companies, Amazon.com has finally met its match — Alibaba. Alibaba is the third largest tech company in China, according to Investopedia, and it’s growing more and more until it reaches its zenith. Could that be the size of Amazon and its stock? What if it outperforms and overtakes Amazon’s market? You sure want to be prepared then…
Let’s begin with Amazon. It’s one of the Big Four companies in the U.S. along with Apple, Google, and Facebook. As written in the Wall Street Journal, they currently have a total of 96 billion dollars of current assets, 129 billion dollars in permanent assets, 65 billion dollars as equity, and a market cap of 1.65 trillion. Even if Alibaba does manage to take over most of the e-commerce market, they’ll have a hard time wiping out Amazon’s plethora of assets. Another great thing about Amazon is the trust people have in them. And I can’t blame them: Amazon is very fast and accurate in their services. Order almost anything online, and it will come to your doorstep in about a couple days or in a few hours (if you use Amazon Prime) in perfect condition.
Now to Alibaba. They’re undervalued and still growing, being the third largest tech company and part of the Big Four in China (Baidu, Alibaba, Tencent, and Xiaomi). Alibaba also has about 193 billion dollars of assets (both…