Alibaba starts NY investor session

E-commerce firm fields questions from hundreds of institutions ahead of record offering

E-commerce giant Alibaba Group Holding Ltd began a 10-day global roadshow here on Monday for what is expected to be a record initial public offering on the New York Stock Exchange, but some of those who were among an overflow crowd of institutional investors said they did not get all the answers they had hoped for.

About 800 investors came to the Waldorf Astoria to hear founder and Executive Chairman Jack Ma. Other meetings are planned in the United States, Europe and Asia before the IPO, which is reportedly scheduled for Sept 18. The American depositary shares will trade under the symbol BABA.