Wheeling and dealing
As we reported on Monday, Alibaba Filed an IPO in the U.S. and yesterday, as Juro Osawa and Telis Demos from the Wall Street Journal told us so yesterday. Newley Purnell there explained that this is the “Chinese e-commerce giant” and not the manga character. Jane King at Bloomberg News pointed out this is “expected to be one of the biggest market debuts ever.”
Fom WSJ’s Stephen Grocer, here’s Everything You Need to Know About Alibaba’s IPO Filing. Benjamin Haas at Bloomberg News explains, “Two charts that show how #Alibaba's profit quarter before listing dwarfed other US tech IPOs.”
Once you’ve read everything about it, here’s Alibaba's IPO filing for real so you can peruse it for yourself. Jon Fortt at CNBC said, “This Alibaba IPO filing is the scariest ever to report, with numbers in both RMB & US$.” Emily Laermer with Crain's New York Business added: “Most interesting thing I learned from Alibaba's IPO filing: Singles Day is a holiday dedicated to shopping.”
And read Alexandra Stevenson’s profile in the New York Times about The Unlikely Ascent of Jack Ma, Alibaba’s Founder. Gerry Smith with Huffington Post shared: “A former English teacher who professes not to understand technology is about to become a dot-com billionaire.”
For more in important business dealings, Al Jazeera has a few exclusive Emails that reveal close Google’s relationship with the NSA you might be interested to read.