How to make money from Alibaba stock
The tech giant has been on the hunt for an international buyer to take over the Alibaba business since the company went public in 2014.
But after a deal brokered in May, it was not clear who the right buyer was.
Now, however, Alibaba is looking to acquire its rival, Japan’s SoftBank.
“If they were to purchase SoftBank, I think it would make a lot of sense,” Alain Deloitte, the CEO of Alain Brochardet, told CNBC.
Alibaba is already an established technology company that has a huge footprint in Europe, the Middle East and Africa.
The company has more than 1,000 employees worldwide, with a global headquarters in Hangzhou, China.
It also has offices in Tokyo, Seoul, Dubai and New York.
Alibaba has a history of buying other companies to make them more attractive to foreign investors.
For example, the Chinese tech giant bought French-based e-commerce firm Shopify in 2014 for a reported $3.5 billion.
In 2017, it bought e-tailer e-Bay for $10 billion.
Alain says Alibaba will be able to use its market power to influence foreign governments, and will use its control over Alibaba stock to influence regulatory agencies.
“We are trying to buy all the assets that we can,” he said.
“There is no need for us to be a foreign seller.
We are not going to buy assets from foreign companies.”
Alibaba CEO Mark Zuckerberg said that it is “unlikely” that Alibaba would ever consider buying SoftBank if it were to acquire SoftBank and that Alibaba will continue to be the majority shareholder of SoftBank even after SoftBank exits.
He also said that Alibaba is not in the business of buying companies to gain dominance in their markets.
“They are the first company to become a global investor,” he added.
“So we don’t really know what they are looking for.”