Alibaba Group Holding Limited is a publicly traded Hangzhou-based group of internet-based e-commerce businesses including business-to-business online web portals, online retails and payment services, a shopping search engine and data-centric cloud computing services. This company grew out of Jack Ma small apartment in Hangzhou back in 1999 into a multi-billion dollar company today.
On Monday, at the closing bell on Wall Street, the stock for Alibaba was trading just below ninety dollars, it left Alibaba’s market capitalization above two hundred and twenty billion dollars, which mean the market reckon for Alibaba is more valuable than Facebook or Amazon.Here comes some of my opinions.
Firstly, Alibaba IPO may benefit the scions of Chinese leaders, because the scions of them can gain profit from their shareholding. Besides, it can promote the economics development of China, people around the world may increase their purchasing power. Also the economics of America will be push forward, for there are over two hundreds of the company with shares listed in the United States, and sales lots of products to the United States.
Sources:
http://www.newyorker.com/news/john-cassidy/alibabas-ipo-big-picture