How to buy ecommerce stocks from Alibaba and other stocks
Alibaba has opened up ecommerce accounts in Sweden, Finland and Norway, adding to a growing list of countries that offer the business to its users.
Alibaba announced in January that it would open an account in Norway, as well.
“The Nordic market is an extremely valuable market for us,” Alibaba CEO Jack Ma said at the time.
“We’re very happy that it’s happening, and we’re very pleased that we’re in the Nordic market.”
The new accounts will allow users to purchase products in Swedish and Norwegian retailers, as long as the account holder is registered in the respective country.
Alibaba will also continue to offer its own stock, ecommerce, and merchandise platforms to its members, including in countries where it does not have an existing presence.
Alibaba, which was founded in 1999, is one of the world’s biggest online retailers, selling products ranging from clothing to smartphones and other electronics to games, digital goods and software.
Alibaba is valued at $8.2 billion, making it one of China’s largest companies.
Its stock has been under intense scrutiny since the company revealed it had been hacked, prompting the resignation of CEO Jack Liu.
In January, Alibaba reported that its global revenues were $11.8 billion.
In 2017, the company reported $2.5 billion in revenue, according to a filing with the Securities and Exchange Commission.
The company said the cyberattacks had affected its business and “we have made a decision to suspend the operation of the Company’s online store and its website.”
The company had previously said it planned to open an ecommerce store in the UK, the US and the European Union by 2019.