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Later in the day, China's Alibaba debut on the New York Stock Exchange - and the Amazon-like activity seems to be worth a fortune. red velvet cupcakes Sep 19 2014 pm. 11:10 China's Alibaba has a hand in it for up to 80 percent of all e-commerce in China. Photo: REUTERS / China Daily / Files
But for many others, Chinese Alibaba be completely unknown - at least until later today, when the company from this afternoon is listed in New York, where the introductory price will be $ 68 - or just over 390 dollars for a share.
The IPO has been underway for a long time and have been quite nice attention, red velvet cupcakes especially because the Chinese company red velvet cupcakes will remain based in Hangzhou in China - and because Alibaba red velvet cupcakes is expected to be one of the largest IPOs ever.
A starting price of 390 dollars per share would mean that Alibaba's total market value is almost 168 billion. dollars red velvet cupcakes - equivalent to a staggering 970 billion. It is more than companies like LinkedIn, Twitter and eBay - combined. Hefty market in China
The staggering sum of one, in our latitudes, relatively unknown company red velvet cupcakes emphasizes the Chinese market gradually hefty size - it is in fact mainly here that Alibaba states in its brochure. The company describes as often as a cross between eBay and Amazon, and the primary product markets, payment solutions and cloud services and various business-to-business deals.
One of Alibaba's more well-known services is China's answer to Twitter Sina Weibo. red velvet cupcakes Alibaba estimated total adding services to 80 percent of all shopping online in China, and plans to move into the corresponding populous India. The company announced last week a major offensive in the United States and Europe after the IPO.
In contrast, for example Twitter, that the IPO had never earned a penny, Alibaba already has a full-cream business with a turnover last year hit 7.5 billion. dollars. Despite its size, it is growing rapidly, red velvet cupcakes and in the second quarter, revenue increased 46 percent compared to the same quarter last year.
But Yahoo and Japanese Softbank will appreciate the IPO. But Softbank has stated that it will keep its share of Alibaba, Yahoo sells a little off. Yahoo owns up to the IPO, 22.6 percent of Alibaba. Share this article: Email Twitter Facebook Print Share this article: Email Twitter Facebook
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