Washington, Mar. 17 ANI | 7 months ago

China's e-commerce giant Alibaba has reportedly confirmed that it will make its IPO debut in the US to reach the valuation of 130 billion dollars.


The company said that a US IPO would make it a more global company and enhance the company's transparency.

According to Cnet, Alibaba, which controls nearly 80 percent of China's Internet shopping market, is expected to raise more than 15 billion dollars, which would directly challenge Facebook's record Internet IPO, which raised 16 billion dollars in 2012.

Alibaba provides marketplace platforms and provides listing and advertising services that allow merchants to sell goods directly to consumers.

The report said that Alibaba's public debut could be seen as a boon for Yahoo, which still owns 24 percent of the China e-commerce giant.

It is not confirmed on which US stock exchange Alibaba would list.

(Posted on 17-03-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

MORE MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |