A bit about Alibaba
📅 Year founded: 1999
💼 Industry: Services
🌐 Website: https://www.alibaba.com/
Alibaba is a Chinese technology company specialising in e-commerce, retail, internet, and technology. For us Western folk, think of it like a mix between Amazon and eBay, only they’re dominant in the Asian market. Similar to Amazon, they have a wide range of business models including e-commerce, cloud computing and entertainment.
How to buy Alibaba on the Shares app
Buying shares in Alibaba is straightforward.
1. Make sure that you have the Shares app downloaded.
2. Open the app and navigate to the Explore section (the magnifying glass) on the tab bar at the bottom of the app.
3. Use the search bar at the top to find Alibaba. Simply search using the company name or with their ticker symbol BABA.
4. Now, press ‘buy’.
5. Enter the monetary amount you’d like to spend. You can add a comment and even a GIF reflecting how you feel about your purchase. Once you’re ready, hit review.
6. Your big moment is coming up. Review your order – check the stock price, amount you’re spending, amount of shares you’re receiving, the service fee, and of course, that your witty comment and GIF are all looking sharp. Your time has come - hit confirm.
7. If the stock market that Alibaba is registered on is closed at the time of buying, your order will be scheduled for when the stock market reopens. Read about what time each stock market opens and closes.
8. You can double-check your investment by going onto your invest page, or by going onto the stock’s page directly.
How to sell Alibaba on the Shares app
1. The process for selling a stock is much the same as buying, only reversed. Click on your stock and tap sell (it’s right next to ‘buy’).
2. You’ll be asked the amount of shares you’d like to sell and a chance to review it, just like when you bought the stock. When you are ready, simply hit confirm.
Want to buy or sell another company? Check out our guides on:
To learn more about shares and the stock market itself, check out our following blog posts:
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This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. If you are unsure about anything, you should seek financial advice from an authorised advisor.
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