Chinese Internet goliath Alibaba files for initial public offerings
By Catholic Online (NEWS CONSORTIUM)
5/7/2014 (4 years ago)
Catholic Online (https://www.catholic.org)
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.
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.
"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."
Copyright 2018 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for July 2018
Priests and their Pastoral Ministry. That priests, who experience fatigue and loneliness in their pastoral work, may find help and comfort in their intimacy with the Lord and in their friendship with their brother priests.
For the past 60 years, the Federal Reserve's yield curve has predicted recessions. Now, as the yield curve shows signs of inverting again, ... continue reading
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
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
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
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
by Catholic Online
- Lider musulman reconoce que sin cristianos no puede haber un Medio ...
- St. Lawrence of Brindisi: Saint of the Day for Saturday, July 21, 2018
- Daily Readings for Saturday, July 21, 2018
- Prayer Requests Live for Friday, July 20th, 2018 HD Video
- A miracle in Iowa as tornadoes take several towns by surprise - but ...
- Pro Life decision: New Arizona law awards custody of frozen embryos
- Bleating Hearts
- st paul
- pictures of saints
- john the baptist
- saint anne
- hail holy queen
- saint elizabeth
- saint paul
- saint christopher
- st mary
- nicene creed
- our lady of guadalupe
- saint francis of assisi
- young children
- Saint Nicole
- st. michael
- Daily Reading for Sunday, July 22nd, 2018 HD
- Day 5 - Novena to Joachim and Anne for Christian Married Couples HD
- Prayer Requests Live for Thursday, July 19th, 2018 HD
- Armageddon from Europe to the United States: Heres why it looks this way HD
Learn about Catholic world
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
Today's bible reading
Products and services we offer
Catholic Online Shopping
Catholic medals, gifts & books
The California Network
Inspiring streaming service
Learn the Catholic way
Teacher lesson plans & resources
Support Free Education
Tax deductible support Free education