Alibaba Confirms Plans To Offer IPO In US

hackingbear writes "China e-commerce giant Alibaba Group confirmed early Sunday that it plans to become a public company in the US. The proposed US IPO, which is expected to raise more than $15 billion, is a bid winning over Hong Kong stock exchange, which had been competing for the offering with US stock exchanges but objected to some of Alibaba's proposed listing terms. Founded in 1999 by former English teacher Jack Ma, the Hangzhou, China company, of which Yahoo owns 24%, provides marketplace platforms that allow merchants to sell goods directly to consumers controlling 80% of Internet e-commerce market in China."

Comments

The group's Board of Directors

[techno-vampire]

I presume that the Alibaba Group has forty directors running it, and that every single one of them has "sticky fingers."

Re:Alibaba are fairly business man

[Anonymous Coward]

Alibaba are understand good seller and all for American company and abroad. As Amwerican many buyer I estanblish Alibaba as best.

John R. from America