Alibaba: A Chinese giant emerges
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.
