Alibaba provoke competition for mobile apps

Alibaba launched mobile application Nine Store in Russia. Nine Store is similar to Google Play, where users can download games and application for their smartphones and tablets. Application is already popular in India, Indonesia and China. Seems like, this the way how Chinese developers provoke competition for popular American mobile services. At the moment, Nine Store downloaded about three million people in Russia. Novelties from Alibaba positively affects on company stocks.

Alibaba stocks for the past week increased on 3,8%. This is a good trend for making income deals. Trading will be available during American session, from 14:40 to 21:00 GMT.

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