5 Most Valuable Internet Companies in the World
Market cap: $632.3 billion
Chinese e-commerce company Alibaba Group ranks 5th on the list of 15 most valuable internet companies in the world. Aside from operating its Core Commerce business, the company also engages in cloud computing, digital media and entertainment, and innovation initiatives, and others. Alibaba recently invested $750 million in Nice Tuan, a Chinese grocery app, to expand its grocery segment.
In the third quarter of 2021, the company’s Core Commerce
revenue came in at $30 billion while Alibaba Cloud reached $2.4 billion.
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Published on April 7, 2021 at 5:35 am by Inan Dogan, PhD
Top 10 High Growth Stocks To Buy in 2021
Ever since the mass production of COVID-19 vaccines was given the greenlight, the stock market has been surging. However, the first few months of the year have proven that there is still a lot of uncertainty in the air as investors exercise caution in the wake of social media speculation, vaccine nationalism, and company valuations based on numbers that could be pandemic-specific. Value stocks are having their day as growth stocks recede following financial volatility and uncertainty. But analysts believe that growth stocks are set to bounce back. The technology revolution is the prime move of growth stocks. A report by Value Line Funds says that S&P 500 Value Index outperformed the S&P 500 Growth Index from 2002 through 2006. However, things started to change in 2007 amid the rise of tech startups that disrupted key markets including transportation, payments, retail and healthcare. In the 13-year period through 2019, growth stocks outperfor
Nice Tuan, a Chinese grocery app, has received $750 million in investments from among others;
Alibaba Group Holding Ltd (NYSE: BABA), Anatole Investment, Jeneration Capital, D.E. Shaw, and DST. Also recognized as Beijing Shi Hui Tuan LTD, Nice Tuan was founded in 2018 to venture into the lucrative Chinese community grocery sector.
Booming grocery industry
The Chinese grocery delivery sector is vast, with some of the biggest tech companies like Meituan, Tencent Holdings Ltd, and JD.Com Inc (NASDAQ: JD) showing interest. The once-struggling industry has also seen a big improvement since the outbreak of the Covid19 pandemic with more home-bound consumers.
Davis Funds: “Alibaba (BABA) will Maintain its Leading Position in the Chinese E-Commerce Sector”
Davis Funds, an investment management firm, published its “Davis International Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 22.69% was recorded by the fund for the year end of 2020, outperforming its MSCI ACWI benchmark that delivered a 10.65% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Davis International Fund, in their Q4 2020 investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA) and shared their insights on the company. Alibaba Group Holding Limited is a Hangzhou, China-based e-commerce company that currently has a $629.6 billion market capitalization. Since the beginning of the year, BABA delivered a -0.93% return, while its 12-month gains are up by 17.65%. As of April 06, 2021, the stock closed at $230.57 per share.
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NEW YORK, April 5, 2021 /PRNewswire/
The food delivery services market is expected to grow by $ 215.56 bn, progressing at a CAGR of over 12% during the forecast period.
Technavio has announced its latest market research report titled Food Delivery Services Market by Business and Geography - Forecast and Analysis 2020-2024
The growing mergers and acquisitions is one of the major factors propelling the market growth. However, factors such as growing threat from direct delivery services will hamper the market growth.
Food Delivery Services Market: Market Landscape Landscape
Based on the market landscapes, the order-focused segment is expected to witness lucrative growth during the forecast period.