Thursday, 18 September 2014

Alibaba Goes Public

The Chinese e-commerce giant, Alibaba, is expected to raise over $25bn (£15bn) in its forthcoming initial public offering. So what will it do with the money? It has huge dominance of the Chinese market with its sales accounting for three quarters of all internet sales. Alibaba, which handles more transactions than and eBay combined was started 15 years ago by Jack Ma in his one bedroom apartment. However the Owners of Alibaba's stock will have a very limited ability to sway Alibaba's strategy.