Alibaba IPO
On September 19th, Alibaba Exchange formally IPO in New York, stock code “BABA”. The issue price is confirmed to be $68 per share, the opening price at $92.7, surpassing the Facebook to become the second largest Internet company after the Google. Alibaba is China’s biggest online commerce company and it is a company which is more like the combination of eBay and Amazon. Based on the fast growing e-commerce market in China, Alibaba grew fast in the past 15years. Last year online transaction was $28 billion. However, a lot of people still don’t have confidence in Alibaba because of the market in China. Many investors are afraid that the regulations and unknown rules changes from Chinese government. For example, the split event of Alipay is still unknown for investors.Moreover, the power to make decisions in Alibaba is not based on investors. Alibaba’s founder, Jack Ma, will take all the decisions. And other problems like transparency are also the concerns of investors.
I think we should give trust to the Alibaba. Based on the 15 years’ experience of e-commerce ,today’s outstanding achievement and the global strategies in the future, we should be confident in Alibaba and support it become better.
Reference：
MARC LAJOIE and NICK SHEARMAN. “What Is Alibaba?” – WSJ.com. The Wall Street Journal, n.d. Web. 02 Oct. 2014.
Jo Ling Kent. “5 Things To Know About The Alibaba IPO.” Investopedia. Investopedia, 03 Sept. 2014. Web. 02 Oct. 2014.