Alibaba opens a new center

The largest worldwide retailer Alibaba is planning to build a new logistic center in Malaysia. The president of the company will make a statement on the matter only next week, but it is already known that the new center will occupy around 10 thousand hectares. On what resource the new center will be built is still unknown – Alibaba’s funds or the funds from the local companies. In any case the new center will positively affect company’s stocks.

From the middle of February, Alibaba’s stocks increased by 4,8% and awaits an active growth. Trading will be available during American session from 14:40 to 21:00 GMT.

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