In a move that will bring Alibaba closer to China as an end result, its affiliate Alipay is said to be mulling over a move to Shanghai. This would enable Alibaba to operate efficiently close to its largest customer base, which in the end may allow for more economies of scale. Alibaba shares are well under consensus price targets, and at this point remain undervalued in my opinion.
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Tuesday, October 7, 2014
Alibaba Partner Alipay Poised for Relocation to Shanghai
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