Alibaba was founded 15 years ago in a small Chinese apartment by Jack Ma. Ma is a former English teacher who started the company with an initial investment of $60,000, kicked in by 18 friends.
The company has since evolved into the dominant force in China's (maybe even the world's) e-commerce industry. As a market with so much potential, Alibaba's IPO may be the largest ever by a tech company. The initial document filed with the SEC indicates that Alibaba plans to raise $1 billion, but that figure is just a placeholder. Analysts believe it could haul in more than the $16 billion Facebook raised in 2012.
Now for the real question.....
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Every Success,
The INO.com Team
The play here is with YHOO, who owns a significant stake in Alibaba and is currently trading down. This could double YHOO's market cap overnight and leave them flush with cash.
This will be the ONE to really watch
Buy the rumor, sell the news! Yahoo owns 40% of Alibaba. Buy yhoo for the run up hype. After yesterday's action yhoo is cheap.
WRONG TIME
WRONG PRODUCT
WRONG PLACE
I know Ma for quite a while,He will always do what is right for Ali.If that ever happen I will jump in with both feet .This is the only Chinese company I will get in without a doubt!
No way Jack is doing this for others. Just look at the structure and how the assets are spread out through various holdings to see what is going on. Buy at your own risks and perils.......