Alibaba'S Market Value Exceeds Tencent, Becoming China'S Highest Market Value Internet Co.

Yesterday,

The first quarter earnings report has been released, and the growth momentum is rapid and business is booming.

Thanks to this good news, Alibaba's stock price rose 5%, and its market value reached US $198 billion.

The highest Internet Co.

According to the earnings report: Alibaba's revenue in the fourth quarter reached 24 billion 100 million, an increase of 39% over the same period last year, and the turnover reached 724 billion, an increase of 24% over the same period last year, and the net profit reached 7 billion 600 million.

It is worth noting that at present, the market value of Tencent is about 185 billion 600 million dollars, and Alibaba's market value has stabilized over Tencent, becoming China.

The company with the highest market value.

But sometimes Ali and Tencent are competing for market capitalization first and there is no Baidu thing.

I sum up the rising shares of the Alibaba today, Haihong Holdings (000503) leading the rise, the later will impact the price of the board:

Some people in the morning before WeChat broadcast live tips: "If today can not continue to rise, the end of the rally can be reduced, and then a one minute level callback trend, as long as it can stop at yesterday's low point (2977.20 points) can be re filled; if it can not stop, it shows that the adjustment of the market is increasing, then we need to continue to wait and see, wait for a minute of the end of the level callback and then consider the patch."

At present, the market has dropped sharply and there is no sign of backing up. Then, according to the actual trend of the market, when the high position is lighten up or come out, at present, it is patient to wait for the opportunity of market adjustment in place.

The trend is due to the three minute purchase at the 5 minute level, so the 5 minute level rally has been confirmed, so today's trend of returning to the 5 minute level center again is the trend of the market again after the 5 minute rally.

The operation must be based on the actual trend of the market, and the so-called prediction can not be used as a basis for operation.