Alibaba shares on the New York Stock Exchange reach US $ 90

Alibaba shares on the New York Stock Exchange reach US $ 90


Ali Baba

Image source, Getty

Legend,

Alibaba.com is responsible for 80% of e-commerce in China.

Shares of Chinese e-commerce giant Alibaba began trading on the New York Stock Exchange on Friday to hit an all-time high of US $ 90.

The Asian company had initially set the initial selling price of its shares at US $ 68, which is a higher price than US flagship companies such as Boeing and Walt Disney.

Alibaba is responsible for 80% of e-commerce in the Asian country, with a wide range of products.

In addition, Alibaba is responsible for connecting Chinese exporters with the rest of the world.

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