Fidelity portfolio manager: Alibaba is “leapfrogging” the competition and shows no signs of slowing

Bill Kennedy, a portfolio manager at Fidelity investments, spoke to Henry Blodget about Alibaba, which he sees leap-frogging traditional brick-and-mortar retailers and completely dominating the online market. Kennedy discusses the company’s geographical growth prospects, and says there’s still a lot of unrealized opportunity in China. He also talks about possible Alibaba competitors, or the lack thereof in some places.

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