Alibaba’s market capitalisation towers over India’s top four companies

[RisingShiningSuperpower]

Alibaba’s market capitalisation towers over India’s top four companies - The Economic Times

Alibaba’s market capitalisation towers over India’s top four companies
The market capitalisation (m-cap) of the Chinese e-commerce giant Alibaba Group Holding, which made its stock market debut in the US on Friday, stood at $ 231.44 billion. This is equal to the total m-cap of India's top four companies —TCS, ONGCBSE 1.93 %, Reliance & ITCBSE 2.09 % — by market value. These four make up for 15% of India's market capitalisation. The total market capitalisaion of four top Indian companies is about $ 244 billion. This could be a reason why Indiaborn e-commerce companies may consider listing on the US bourses instead of India.

 

[TheMatador]

That's like comparing to top 100 corporations in Uganda. The comparison itself is embarassing.

 

[kbd-raaf]

Alibaba is a conglomerate if I'm not wrong. More appropriate to compare them to Indian conglomerates, the biggest of which are Reliance and Tata.

 

[Soms]

Such a stupid comparison.
Alibaba Group Holding Ltd was listed...not a single business unit!
Alibaba IPO ranks as world's biggest after additional shares sold| Reuters

TATA Group's net revenue itself is USD 103 Billion.
Tata profile – Leadership with trust – Tata group

The market cap will be 2x atleast!

 

[cirr]

Alibaba is a conglomerate if I'm not wrong. More appropriate to compare them to Indian conglomerates, the biggest of which are Reliance and Tata.

Alibaba is a conglomerate all right，but only its e-business has been IPOed this time。

The group‘s other assets，such as financial services，have been spun out of Alibaba and come under Ma Yun’s personal control。

These businesses will be listed in separate IPOs in the future，most probably on the Shanghai、Shenzhen or Hong Kong Stock Exchanges。

Ma Yun‘s stake in the unlisted assets，including such gemstones as Yu'ebao and Alipay，are said to be worth more than his stake in BABA。