Alibaba confirms plans to offer IPO in US
Found on CNet News on Sunday, 16 March 2014
Alibaba, which controls nearly 80 percent of China's Internet shopping market, is expected to raise more than $15 billion, giving it a $130 billion valuation. That lofty target would challenge Facebook's record Internet IPO, which raised $16 billion in 2012.
The faces of the executives at Amazon will turn all pale; and Ebay won't be thrilled either. Alibaba also helps alternative payment method since Ebay's Paypal doesn't do business with that company.