Amazon Lures Investors Back From Alibaba

China concerns weigh on Alibaba shares

An employee stacks items to be shipped at the Amazon.com Inc. fulfillment center in Phoenix.
Photographer: David Paul Morris/Bloomberg

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By Spencer Soper

August 12, 2015 at 5:19 PM UTC

This article is for subscribers only.

China is no longer in vogue with e-commerce investors, as money returns to the U.S. and Amazon.com Inc. following a brief fling with Alibaba Group Holding Ltd. and its 367 million customers.

With a market value of more than $240 billion, Amazon is once again the world's most valuable e-commerce company, a spot it lost after Alibaba's record-setting $25 billion initial public offering in September. Alibaba's current market capitalization is at about $180 billion, down more than 30 percent from its peak in November.