Alibaba Tops Amazon to Become the Biggest E-Commerce Company
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After 831 days, Alibaba Group Holding Ltd. regained the title of the world’s biggest e-commerce company, albeit briefly. The Chinese retailer surpassed Amazon.com Inc. Tuesday on an intraday basis as the U.S. retail giant’s stock continued to stall after second-quarter earnings missed estimates and the merchant forecast a possible operating loss for the third quarter. Alibaba -- whose stock is up over 109 percent this year -- held the top spot for the first 9 and a half months after its initial public offering in 2014.