Chinese behemoth Alibaba unveils blockbuster float plan May 6, 2014 CHINESE web giant Alibaba last night unveiled plans for one of the biggest stock market floats ever, giving investors a rare chance to tap the country’s burgeoning consumer market. Alibaba, which offers similar services to those of western tech companies Amazon, eBay and PayPal all rolled into one combined offering for selling goods online, published [...]
Why Alibaba’s IPO will be the biggest tech float in history April 16, 2014 Alibaba, the Chinese e-commerce giant, is on track to reach a $188bn (£111.9bn) market valuation when it floats on the US stock market in coming weeks and is expected to raise $16bn, making it the biggest technology float in history. The debut, if it reaches IG’s grey market mid-point of trading, will surpass Facebook (which [...]
Yahoo boosted by Alibaba April 15, 2014 STRUGGLING internet icon Yahoo last night reported sluggish revenue growth for the first quarter of 2014. But its shares were boosted by strong revenues at Alibaba, a Chinese firm in which Yahoo has a 24 per cent stake. Yahoo’s revenues edged up one per cent to $1.09bn (£652m) but net income fell 25 per cent [...]
CNBC Comment: Alibaba float splits investor opinion March 24, 2014 FROM advisers to potential investors, many are salivating over the forthcoming Alibaba listing stateside. Investors who dabbled in Facebook and Twitter will now have access to the champion of Chinese internet players, where e-commerce is booming. According to China Internet Network Information Center, China ended 2013 with 618m internet users, 500m of which were mobile [...]
Why Yahoo shares are jumping on Alibaba market debut March 17, 2014 Investors are proving just how excited they are about the news that Alibaba, the Chinese e-commerce giant, is heading for a market debut. Yahoo shares rose over four per cent at the opening bell, and leapt almost six per cent in pre-market trading today. That’s no surprise: Yahoo owns a 24 per cent stake in [...]