When Jack Ma founded the Chinese e-commerce company Alibaba in 1999, one of his stated goals was to build a company that will last for at least 102 years so that it would span from the 20th to the 22nd centuries. Now with products, technology and marketing -- what Alibaba has done is a great combination of all three.
Chinese ecommerce giant Alibaba ($BABA) is expected to begin an eagerly awaited roadshow for what could be the largest ever IPO early in the week of September 8, and its shares could list as soon as September 18 or 19, according to a person familiar with the situation.
Alibaba’s ability to make a transition to mobile has been a focus of analysts and investors as China’s tech groups square off for customers glued to smartphones. Last week, the company announced a surge in mobile revenues for the second quarter.
A tenfold jump from mobile devices helped to drive overall revenues 46 per cent higher to Rmb15.8bn ($2.6bn).
Alibaba also increased its internal valuation to $140bn, from $133bn earlier this month and $119bn in June, according to regulatory filings.
Chinese and Silicon Valley tech entrepreneurs are watching closely what Alibaba will do with the proceeds of its listing. Alibaba has been carrying out a string of acquisitions recently, snapping up start-ups in whole or in part to fuel its ambitions at home and abroad.
Courtesy of ft.com
In 2012, the company’s annual net profit was still less than that of Baidu. But in just one year, the figure more than doubled. For a peek at Alibaba's financials, checkout ChinaInternetWatch
If you are an investor in Equities or a beneficiary of a Pension Plan, you are likely going to own shares in Alibaba. Just so you have an idea of what you are owning, consider it the Chinese equivalent of all of the businesses below. In other words, this is an ENORMOUS company. (Quartz)
Alibaba is the leading e-commerce site in China but to compare them to Amazon or Ebay seems quite an injustice when one considers all that they entail. As they say 'there's an Alibaba for that".