Here's Alibaba's Big Plan to Beat Wal-Mart in China
Alibaba (NYSE: BABA) has ambitious plans. Earlier this year, founder Jack Ma compared the company to sovereign nations by noting that the e-commerce giant's goal is to become the fifth largest economy in the world by 2036. By then, Ma expects that Alibaba will have created 100 million jobs and support 10 million businesses on its platform.
While investors may not fully share Ma's vision, Alibaba has a powerful investment thesis. First, the company and its enigmatic founder are reminiscent of Amazon.com, arguably the most disruptive company ever. Second, Alibaba's home market is China, a country of over 1.2 billion people that's estimated to eclipse the United States and become the largest economy before 2030. Both demographically and operationally, the company seems destined for success.
Image source: Getty Images.
Source: Fool.com
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