China | Technology
The only way is up for Alibaba, as it looks to continue the success it has had in recent years. In 2014, the Chinese e-commerce behemoth listed itself as an IPO, and resultantly saw its stock price soar by 50 percent. Initial estimates suggest 2015 has been an even better year for the company thanks to the massive growth seen in Chinese marketplaces ‘Taobao’ and ‘Tmall’, as well as the increasing amount of people now shopping online. Alibaba, which had a change of CEO last May, is constantly looking for new ways to diversify and recently acquired a stake in Chinese smartphone maker Meizu.It seems the only way is up for Alibaba in the years to come.