and despite market being red the recovery indicates where this is heading in the short term -
If the Alibaba IPO became worth $20m more yesterday, how much more valuable does this make DANG?
Sentiment: Strong Buy
at least 5% of Alibaba my guess so if Alibaba is $100billion, DANG is at $5 billion. My honest guess is that Alibaba is overvalued at $100 billion.
$5 billion might be the price alibaba is willing to pay for vips or $100 a share, but they are growing faster and will earn around $2 next year, dang no profits maybe on a stretch $2 billion