NPR : News

Filed Under:

China's Alibaba Files To Go Public In The U.S.

The Chinese e-commerce giant Alibaba has filed for an initial public offering in the United States.

The company runs the largest online and mobile commerce site in the world, controlling a huge portion of the Chinese market. Its intent to go public marks the biggest IPO of the Internet age since Twitter went public in November of 2013.

The Wall Street Journal explains:

"Alibaba's size and growth rate are pushing valuation projections into the stratosphere. Published analysts' estimates for how much the entire company could be worth have ranged from $115 billion to $245 billion, or between around No. 50 and No. 15 among public companies globally, based on market value, according to FactSet.

"So far, the estimates of Alibaba's value have been mostly guesswork based on comparable companies. The IPO prospectus provides the first extensive look at Alibaba's finances. Until now, Alibaba has only disclosed some bare-bones financial information via filings of Yahoo Inc., the holder of a 24% stake."

To give you an idea of just how big Alibaba is, check out this graphic included in the prospectus filed with the Securities and Exchange Commission:

Singles Day is a major holiday in China and the company took in $5.8 billion in sales that day. It processed 254 million orders.

According to Bloomberg, Alibaba was founded in the apartment of former English teacher Jack Ma. According to data compiled by the news organization, Alibaba is valued at $168 billion — "bigger than 95 percent of the Standard & Poor's 500 Index — and the most valuable Internet company after Google Inc."

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

NPR

Military Veterans Take On Zombies In 'Range 15'

Range 15 is a new zombie movie made by war veterans for veterans. It's a dark comedy with a cast that includes a Navy Cross recipient, amputees and William Shatner.
NPR

Chef Eddie Huang On Cultural Identity And 'Intestine Sticky Rice Hot Dog'

Huang and his brothers, Evan and Emery, headed to China to reconnect with their culture, to eat lots and lots of food — and to cook. He's documented his travels in his new book, Double Cup Love.
NPR

Family of Kate Steinle Files Wrongful Death Lawsuit

The suit alleges San Francisco's "sanctuary city" immigration policies led to Steinle's death, allegedly at the hands of a man in the U.S. illegally. It also blames two federal agencies.
NPR

North Korea Linked To $81 Million Bangladesh Bank Heist

Experts say code used by hackers in recent attacks on banks appears to be the same as code used in an attack on Sony Pictures which the FBI says was carried out by North Korea.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.