Mergers That Could Dethrone Amazon: Alibaba (BABA) and Kroger (KR)
After Amazon announced the buyout of Whole Foods and a whole slew of onlookers suggested it may prod Alibaba Group Holding Ltd (NYSE:BABA) into acquiring Kroger, Alibaba CEO Jack Ma made a point of saying it wasn’t going to happen.
Instead, Alibaba’s interest in the United States was exporting more U.S. made goods into eastern Asia, where consumers are hungry for western-made goods.
Things change, though, and it’s not like Ma would actually telegraph his plans to any potential competition. Indeed, considering Alibaba is toying with everything from driverless cars to cloud computing, it’s laying the foundation for a lot of weapons it could use against Amazon.
That will not only keep Amazon at bay in China, but should Ma decide to set up shop in the United States, it could steal Amazon’s Whole Foods and Fresh thunder by doing something even bigger with Kroger.