Alibaba becomes most valuable Asian listed firm
China-based Alibaba has become the most valuable Asian listed company, after its market valuation rose to $266 billion, Chinese media reported on Saturday. This came amid internet firms' rallying share prices due to booming business. Notably, Alibaba, the world's largest e-commerce platform, posted a 59% rise in revenue in the June quarter, the strongest since its IPO in 2014.