花辨直播官方版_花辨直播平台官方app下载_花辨直播免费版app下载

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Alibaba remains on top in defining best early investors: Forbes

chinadaily.com.cn | Updated: 2017-04-21 14:43
Alibaba remains on top in defining best early investors: Forbes

Two men chat beside a logo of Alibaba at its headquarters on the outskirts of Hangzhou, Zhejiang province. [Photo/Agencies]

Alibaba Group remained the legend that earmarked last year's best early investors, an annual ranking compiled by Forbes showed.

Despite two and a half years since its record $25 billion initial public offering (IPO), the e-commerce behemoth still ranked first in driving Forbes top 100 investors, followed by Facebook and Uber.

Chinese companies took up half of the top 10 list.

An increase in Chinese consumer spending has bankrolled Alibaba's rapid growth in e-commerce and cloud computing arms, the report noted. Vendors at its platforms sold a record 120.7 billion yuan worth of goods on Singles Day in last November, marking a 32 percent increase from 2015.

The Hangzhou-headquartered tech giant has been also ramping up its investment in digital entertainment and overseas markets.

Alibaba traded at $112.96 a share as of Thursday close, rising 66.2 percent above its offering price in September 2014.

China remains a critical region for venture capitalists, according to Forbes. Last year, funding to Chinese firms rose 19 percent to $31 billion, hitting an all-time high, as industries including artificial intelligence (AI), robotics, and internet of things continue to attract investments.

Didi Chuxing and ZTO Express are the two newcomers in this year's top 10 VC "wonders", ranking eighth and tenth, respectively.

The country's technology startups are expected to continue adding substantial value to total investment worldwide, said the report.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US