Alibaba: A Chinese giant emerges

The listing of Alibaba on the stock exchange in New York could be the largest technology debut in history, writes Alexei Oreskovic.

IT’S BEING touted as possibly the largest technology debut in history and has given investors the first glimpse of the scale and growth of Alibaba — the Chinese e-commerce juggernaut.

Alibaba Group Holding Ltd, which powers 80% of all online commerce in the world’s second-largest economy, is expected to raise more than $15bn when it lists in New York stock later this year, and could top the $16bn pulled in by Facebook when it listed in 2012.