Alibaba Surges 38 Percent in Market Debut | Re/code

Interesting e-commerce times -- Alibaba (quoting from earlier in the article) "... now accounts for 80 percent of online sales in China"

"At its closing share price on Friday, Alibaba has a market value of $231 billion, exceeding the combined market capitalizations of Amazon and eBay, 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 valuation of 39 times forward earnings but nowhere near the lofty valuation of Amazon’s multiple of 264, according to Thomson Reuters Starmine data.

The future path of Alibaba’s shares is truly uncharted territory."

Alibaba Surges 38 Percent in Market Debut | Re/code