[photopress:Alibamarket_share.jpg,full,alignright]Alibaba plans to launch its IPO in New York or Hong Kong, which may attract $1 billion in investment. The Alibaba Group is a global e-commerce leader and the largest e-commerce company in China. Since 1999, the Alibaba Group has grown through wholly-owned subsidiaries:
Alibaba.com. The first Alibaba Group company, which was founded in 1999. It is the world’s largest online business-to-business (B2B) marketplace for global and domestic China trade. Alibaba.com is based in Hangzhou in eastern China and has 16 sales and service centers across China.
Alibaba International is the world’s largest online B2B marketplace for global trade. It has more than 500,000 people visit the site every day.
Alibaba China is the largest Chinese language B2B marketplace for domestic China trade. With more than 16 million registered users.
Alisoft provides web-based business software services for SMEs in China.
Yahoo! China is an Internet search engine and portal serving China’s consumers and businesses.
Taobao is the largest consumer e-commerce website in Asia with more than 30 million registered users.
Alipay is China’s leading online payment service by both number of users and total transaction volume. As of December 2006, Alipay has more than 33 million users and daily transaction volumes exceeding RMB100 million ($12.8 million), through as many as 460,000 daily transactions.
Taking all of that into account the IPO, wherever and whenever it is held, will attract serious money. As in $1 billion.
Source: Jongo News
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