Chinese retailer Alibaba started a cooperation with Shanghai trading company Bailian Group. Companies will work on the creation of new formats of retail. Bailian Group sells nonferrous metals, automobiles, chemical, electronic and car manufacturing production. During the cooperation, Alibaba and Bailian Group will expand presence in offline retail channels, that will lead to income and stock growth.
From the beginning of January, Alibaba stocks increased by 6,6% and continue to grow. This is a great growing trend for traders, to make income forecasts. Trading will be available during American session, from 14:40 to 21:00 GMT.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.