Skip to content

Chinese Internet goliath Alibaba files for initial public offerings

By Catholic Online (NEWS CONSORTIUM)
5/7/2014 (3 years ago)
Catholic Online (https://www.catholic.org)

Filing may be among the largest in U.S. history

The Alibaba Group, China's goliath E-commerce company has filed registration documents this week to go public in the U.S. Analysts say this may very well be one of the biggest initial public offerings in American history.

Founded in 1999 by former English teacher Jack Ma, Alibaba has expanded far and above its original blueprint as a web marketplace for Chinese companies.

Founded in 1999 by former English teacher Jack Ma, Alibaba has expanded far and above its original blueprint as a web marketplace for Chinese companies.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (https://www.catholic.org)
5/7/2014 (3 years ago)

Published in Business & Economics

Keywords: Alibaba, China, e-commerce, public offering


LOS ANGELES, CA (Catholic Online) - Many Americans have yet to hear about Alibaba - except a famous storybook character and his 40 thieves. This week's F-1 filing gives a clearer look into a business that accounts for a whopping 80 percent off all Chinese e-commerce.

Alibaba will rank among the world's largest technology firms, shoulder-to-shoulder with IBM and Oracle, once it goes public. Analysts recently polled by Bloomberg News valued the company at nearly $170 billion, while some expect that valuation to surpass $250 billion, once it starts trading.

Find out how you can fill the gaps to end world hunger - by going here!

"Although the value of Alibaba has been focused on the strength it has in the e-commerce space and its ability to expand outside of China, it is worth noting that the company has great potential to grow in the domestic market," Nicole Peng, research director for Canalys China says. "And at this point an IPO is important to support its accelerating expansion."

The exact size of the IPO remains a deep secret. Many expect Alibaba to raise more than $15 billion in a public offering which may still be months away. Alibaba has used a $1 billion placeholder on its registration papers with the Securities and Exchange Commission - which is just being used to compute filing fees, said a spokesperson for the company. Alibaba also did not include details on how many shares it would be selling or its valuation in its paperwork, though those details will be disclosed in the days leading up to the IPO.

Founded in 1999 by former English teacher Jack Ma, Alibaba has expanded far and above its original blueprint as a web marketplace for Chinese companies. Coupled with China's rapid economic growth within the last decade, Alibaba has developed an all-encompassing retail ecosystem. The company offers payment systems to cloud computing services, all with the purpose of supporting its main e-commerce plays including Taobao Marketplace and Tmall.

Alibaba late last year had 231 million active buyers on its site, up 44 percent from the previous year. Alibaba also showed a strong position among mobile users, accounting for more than 75 percent of all Chinese retail done on mobile devices with 19.7 percent of its business coming from phones or tablets.

"For many Chinese consumers, [Alibaba] has provided a transformative experience, giving them access to products they would have never seen," Duncan Clark, chairman of BDA China said. "What all of this did was create the architecture for e-commerce in China."

---


'Help Give every Student and Teacher FREE resources for a world-class Moral Catholic Education'


Copyright 2018 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for APRIL 2018
For those who have Responsibility in Economic Matters.
That economists may have the courage to reject any economy of exclusion and know how to open new paths.


Comments


More Business & Economics

Disaster looming? Market flashes warning, worst April since Great Depression Watch

Image of The stock market is in decline. Is recession looming?

Markets have suffered their worst April start since the Great Depression, led by Amazon which lost 5.21 percent of its value in one day ... continue reading


Stock market tumbles, is a recession on the way? Watch

Image of The stock market took a tumble yesterday but may recover today. Nobody is certain of what's next.

Global markets have dropped for the past few days, and just this morning have rebounded. It remains to be seen if the recovery is ... continue reading


Is free money a Christian solution to economic problems? Watch

Image of Is there a Christian solution to our economic problems?

The world is richer and more productive than ever before in history. Yet, income inequality is growing the poverty is on the rise. Middle ... continue reading


Income inequality - Here's why world poverty and hunger remain a problem, frustrating Pope Francis' efforts to solve the crisis Watch

Image of Pope Francis has spearheaded a campaign to end world hunger by 2020.

When Pope Francis accepted the chair of St. Peter, he pledged to end world hunger by 2020. By all appearances, it was an easy win. The math ... continue reading


Jobless claims historic low! - Why workers are getting raises this year, thanks to President Trump Watch

Image of Workers are finally being dealt back into the American Dream, thanks in part to President Trump's economic policies.

Say what you will about President Trump, but American workers are starting to "win" under his administration. Jobless claims have reached a ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Information
Learn about Catholic world

Catholic Online
Inform - Inspire - Ignite

Catholic Online Saints
Your saints explained

Catholic Online Prayers
Prayers for every need

Catholic Online Bible
Complete bible online

Catholic Online News
Your news Catholic eye

Daily Reading
Today's bible reading

Lent / Easter
Death & resurrection of Jesus

Advent / Christmas
Birth of Jesus

Rest of Catholic Online
All Catholic world we offer

Services
Products and services we offer

Catholic Online Shopping
Catholic medals, gifts & books

The California Network
Inspiring streaming service

Advertise on Catholic Online
Your ads on catholic.org

Catholic Online Email
Email with Catholic feel

Catholic Online Singles
Safe, secure Catholic dating

The California Studios
World-class post production service

Education
Learn the Catholic way

Catholic Online School
Free Catholic education for all

Student Classes
K-12 & Adult Education Classes

School Teachers
Teacher lesson plans & resources

Support Free Education
Tax deductible support Free education

Socials
Connect with us online

Catholic Online on Facebook
Catholic social network

Catholic Online on Twitter
Catholic Tweets

Catholic Online on YouTube
Enjoy our videos

Catholic Online on Instagram
Shared Catholic moments

Catholic Online on Pinterest
Catholic ideas style inspiration

Catholic Online Logo

Copyright 2018 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2018 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.