Here at FxPro, we’re delighted to offer our clients the opportunity to invest in Alibaba Group Holding Ltd - ADR, through our CFDs Product. This is the second largest online service in China.
According to the official open sources, the company’s history began in 1999. Headquarters is located in Hangzhou, China.
In 2005, the company Yahoo! had acquired 43% of the company's shares, but in September 2012, Alibaba Group Holding Ltd - ADR has repurchased 20% of its own shares.
In November 2007, the shares were placed on the Hong Kong Stock Exchange but in 2012 the company delisted them.
In September 2014, the initial public offering on the New York Stock Exchange attracted $21.8 billion, later increasing to $25 billion, which was the largest IPO in history.
In 2018, amid rising stock prices on the New York Stock Exchange (exceeded $198 per share), the company's capitalization reached $500 billion. In the same year, Alibaba acquired Chinese online food delivery service Ele.me. The deal amounted to $9.5 billion. A bit later, the company announced a project to develop unmanned vehicles. In order to support the development, the Chinese authorities legally regulated the process and conditions for conducting testing of unmanned vehicles in the country.
Today this brand is listed on the NYSE; has its own electronic payment system Alipay, which is also used for settlements in the subsidiary structure Taobao, and its name is firmly established in our life.
Alibaba Group Holding Ltd - ADR stock price is subject to the observations of many traders in the world. At the beginning of 2019, Alibaba Group Holding Ltd - ADR share price was 141,63 USD.
Among the reasons to keep a close eye to the CFDs on Alibaba Group Holding Ltd - ADR securities is the strong volatility that can be observed during the day-to-day trading sessions.
On this page, you can take a look at the Alibaba Group Holding Ltd - ADR share price chart to make your own responsible decision to buy or to sell it on the FxPro trading platforms.
In order to trade shares successfully, be sure to follow corporate reports and actual data that are regularly published on the major news portals.
Also, keep a close eye to the Dividend calendar at the FxPro official website. According to it, сlients, holding “Buy” positions on the ex-div date will receive a dividend in the form of a cash adjustment (deposit). Clients, holding “Sell” positions on the ex-div date will be charged the dividend amount in the form of a cash adjustment (withdrawal).
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