Home / Business

Alibaba files for $1 billion IPO in US

By Meng Jing | China Daily | Updated: 2014-05-08 06:42

E-commerce behemoth poised to maintain domination of nation's virtual marketplace, Meng Jing reports

Founded in a Hangzhou apartment in Zhejiang province 15 years ago, Jack Ma's Alibaba Group Holding Ltd has grown into a monster conglomerate, dominating one of China's most dynamic economic sectors: e-commerce.

That domination will likely continue over the next few years, despite rising challenges from local rivals, as Alibaba filed on Wednesday for what could end up being the biggest initial public offering ever seen in the United States.

Alibaba files for $1 billion IPO in US

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349