The Chinese e-commerce conglomerate Alibaba Group is not only one of the two largest internet companies in China (Tencent being the other one), with a market capitalization of more than $480 billion it is also one of the most valuable public companies in the world.Earlier this year, the company briefly joined U.S. tech giants like Apple, Alphabet and Microsoft in reaching a market capitalization of more than $500 billion, but it’s Amazon that Alibaba is most often compared to.
Given their similar business models, both companies are primarily known for their e-commerce activities but also offer other services including cloud infrastructure, it's a natural comparison to make and while there are certainly similarities between “China’s Amazon" and the actual one, the companies’ latest results show that Alibaba is still considerably smaller than Amazon in terms of revenue and profits.
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