This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Coming to America, Jack Ma Style

NEW YORK (TheStreet) -- Alibaba Group may have the biggest Web site business you never heard of but that will soon change. A common investor adage is "there are no coincidences on Wall Street" and Alibaba may turn into a good example. I'll explain why in a moment, but let's examine the participants.

You may not know about Alibaba's Web site Taobao.com or Alibaba.com unless you're involved in international commerce; however, Taobao is ranked in the top 10 sites on the web. Every day, legions more enter Taobao versus eBay (EBAY), Microsoft's Bing (MSFT), or Twitter.

Clearly, Alibaba is a leading player in the online world. So much so that gross merchandise sales through Alibaba's web portals are greater than eBay or Amazon (AMZN), and by some measurements, above and beyond eBay and Amazon combined.

Jack Ma, Alibaba's lead founder, unexpectedly announced in January that he was stepping down as CEO. In May, Jonathan Lu took the helm, and Ma currently serves as executive chairman. This is where the story becomes intriguing.

At 48 years old, Jack Ma's self-madereported net worth is over a $3 billion. Ma is obviously a get-it-done kind of leader in the prime of his life.

Ma had the perseverance to gain entry into the Hangzhou Teacher's Institute after failing the entrance exam at least two times. In 1995, Ma founded China Yellowpages, one of the first Chinese Internet-based companies, and in 1999 he founded Alibaba.

In 2005, Ma convinced Yahoo! (YHOO) to invest $1 billion into his company (I recently wrote why that investment is paying off for Yahoo!).

Today, Alibaba is the number one e-commerce site in China and the world based on total merchandise sold. Analysts' estimates for Alibaba start near $50 billion and move up -- not bad for a man who took more than one try to get into English school. Don't think for a moment that Ma is about to retire and fade into the sunset.

In February, Ma was reportedly spending time in Silicon Valley seeking potential partnerships. Meanwhile, back at the ranch, Amazon's shareholders don't seem to have received the memo that Jack Ma is in town.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,056.99 -65.02 -0.38%
S&P 500 1,994.10 -6.02 -0.30%
NASDAQ 4,557.3110 -12.31 -0.27%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs