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What Is Alibaba and Why Is it Worth Billions?

2014-05-07 23:36:24| PC Magazine Software Product Guide

Alibaba could have the biggest IPO of all time. Here's what you need to know about the Chinese e-commerce firm.

Alibaba Files for Much-Anticipated IPO

2014-05-07 18:13:24| TechNewsWorld

Chinese e-commerce behemoth Alibaba filed an initial public offering prospectus Tuesday, inching closer to what could be the biggest technology IPO in history. Alibaba Group handles 80 percent of all online commerce in China; it processed some $250 billion worth of transactions for 231 million users in 2013. The company's market value has been estimated as high as $200 billion.

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VIDEO: Alibaba eyes US share sale

2014-05-07 17:43:01| BBC News | Business | UK Edition

Chinese internet giant Alibaba has filed documents for a public share sale in the US, which is widely expected to be one of the biggest in history.

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Alibaba files for IPO

2014-05-07 07:56:00| Telecompaper Headlines

(Telecompaper) Chinese e-commerce group Alibaba has filed for an initial public offering of shares in the US. The IPO would raise an initial USD 1 billion, according to the estimated fees for the preliminary prospectus filed with the SEC. The exact amount of shares sold and at what price will be decided closer to the listing. The filing confirms that Alibaba is growing quickly, with revenues in the nine months to end-2013 rising to CNY 40.47 billion from CNY 25.84 billion a year earlier. Over the same period its net profit more than tripled, to CNY 17.53 billion. The company's three marketplaces, Taobao, Tmall and Juhuasuan, had 231 million active buyers and 8 million sellers last year, who generated CNY 1.542 trillion (USD 248 billion) in transactions. In addition, the company operates the wholesale site Alibaba.com and the consumer site AliExpress and provides cloud computing services. Alibaba's largest shareholders are Japan's Softbank with 34.4 percent of the shares, Yahoo! with 22.6 percent and founder Jack Ma with 8.9 percent.

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