Open Sesame! Having plundered the secret treasure of the Forty Thieves Alibaba will now try his luck on Wall Street. It could very well be the biggest IPO ever be. The Chinese WebReus is hardly known in the West, but is true in China almost as absolute ruler. High time for a closer acquaintance.
You must be knowing about Yahoo, Amazon, eBay and PayPal, but most probably Alibaba does ring a bell, which may affect U.S. IPO. China's largest ecommerce (estimated value between 130 and 235 billion dollars - less than Facebook or Amazon, but more than eBay) comes out with the IPO emphatically with the capitalist vanguard. Chinese Marketplace in China is Alibaba Group, the three largest Internet companies. Besides the big website Alibaba.com (mainly intended to Chinese manufacturers to overseas buyers associate), the group also owns Taobao, a consumer auction site similar to eBay and Amazon, and the derived Tmall.com (say Chinese Marketplace). Through the latter site selling include Disney, Apple and Nike their products directly to consumers. Alibaba Group owns more cloud computing services and a PayPal-like payment service. The company currently serves 79 million members worldwide spread across dozens of different countries. In the Netherlands, there is now a purchase and sales site Alibaba Active: AliExpress.websites and services of Alibaba jointly handle more business than eBay and Amazon together. Two years ago it was 18 billion dollars, two percent of the Chinese economy. If you look at the e-commerce alone, the Alibaba Group even 80 percent of China's pocket. But still there are lots of potential in China: many Chinese people have never been online, let alone that they have ever ordered a product online. That does not stop the group from there to look beyond national borders. It has long been negotiating with the Hong Kong stock market. But because the requirements there are much stricter than those in the United States, which calls go a lot more difficult. Magic passwords Alibaba will not help you this time.
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