At its closing share price on Friday, Alibaba has a market value of $231 billion, exceeding the combined market capitalizations of Amazon (AMZN.O) and eBay (EBAY.O), the two leading U.S. e-commerce companies.
Alibaba is valued at 39 times its estimated earnings per share for its current fiscal year, which ends in March. That is right in line with Facebook’s (FB.O) valuation of 39 times forward earnings but nowhere near the lofty valuation of Amazon.com’s multiple of 264.
Softbank owned a lot of Alibaba. Masayoshi Son surpassed Fast Retailing Co. Chairman Tadashi Yanai as Japan’s richest person yesterday after SoftBank Corp. surged 16 percent since the start of last week. Son, 57, has a net worth of $16.6 billion, according to the Bloomberg Billionaires Index. Softbank owns about 34 percent of Alibaba.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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