You've probably heard of the Chinese e-commerce giant Alibaba (BABA) , but there's a good chance you don't know what it actually does.

This is not just a Chinese version of Amazon (AMZN)  or eBay  (EBAY)  or PayPal (PPAL) ... it's all of those things and more.

Just look at Alibaba's e-commerce business. There's Taobao, which is China's largest online marketplace. It allows small businesses and individuals to not just sell items, but also provide product knowledge and lifestyle content.


Alibaba also runs more conventional consumer goods sites like Tmall which focuses on the Chinese market and AliExpress where you can shop here in the U.S.

Alibaba shows no sign of slowing down. The company told investors it predicts it will hit $1 trillion in gross merchandise value in 2020.

  

More from Video

Why Big Mergers Are Still Happening Even With Stocks at Record Highs

Why Big Mergers Are Still Happening Even With Stocks at Record Highs

Market of the Week

Market of the Week

We Are In a Rising Interest Rate Cycle, Says Legendary Technician

We Are In a Rising Interest Rate Cycle, Says Legendary Technician

Here Is Why Some Investors View Airbnb as an Asset Class

Here Is Why Some Investors View Airbnb as an Asset Class

Everything You Need to Know About Closed-End Funds to Boost Your Portfolio

Everything You Need to Know About Closed-End Funds to Boost Your Portfolio