Slashdot Mirror
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."
I presume that the Alibaba Group has forty directors running it, and that every single one of them has "sticky fingers."
Good, inexpensive web hosting
Translation, They have a website.
Yes, in the same sense that Amazon "has a website", except that Alibaba is far bigger than Amazon.
I made the error of buying a few items through Alibaba. Everything is either misrepresented, falsely speced, defective or counterfeit. While Alibaba maintains the pretext of settling disputes with the thieves, they always side with the thieves, so much so that the thieves don't even bother to dispute customers claims, they know that Alibaba always sides with them anyway. Avoid buying anything through Alibaba or buy one share of stock, if you can manage to go to the shareholder meeting and try to hold people accountable.
I'm an American. I love this country and the freedoms that we used to have.
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
When Steve Jobs gave his first iPhone demo, I had my doubts when he claimed that you didn't need stylus pens with touch screens. Seeing the frenzy with which people wanted iPhones in the coming months, I decided to make an investment and buying a large quantity of stylus pens, whose price I expected would rise. I approached several vendors on Alibaba. The process was surprisingly smooth - most of the vendors seemed to have communication reps who were nice to talk to/interact with and knew their stuff very well. The prices were insane. I could buy pens that could be purchased for $30 in the US for 10 cents a piece, if I bought then in bulk. For another 5 cents I could brand them, and for another 10 I could customize them. So I ended up buying 100k of them and having them shipped to a warehouse in Philadelphia, where I rented some space out for ~$50/month. My most memorable feeling from this experience was not the profit I made (not that much, it looks like a lot of other people had the same idea as I did...) but realizing how easy it was to get something custom-manufactured half way across the world, have 100s of thousands of pieces hauled across on boats to a few miles from where I live. Something Marco Polo would have marveled at... Alibaba is only the front end to an unbelievable system of proxy manufacturing.