Way back in August 2005, Yahoo had officially decided to invest $1 billion in Alibaba in exchange for about 40% stake in the company. The celebration of that announcement took place in the China World Hotel in Beijing, but
Way back in August 2005, Yahoo had officially decided to invest $1 billion in Alibaba in exchange for about 40% stake in the company. The celebration of that announcement took place in the China World Hotel in Beijing, but
We'd heard that the US IPO for Chinese company Alibaba could be among the biggest ever, and it did not disappoint. Closing at a stock price of $93.89, it raised $21.8 billion for the company and is the biggest IPO in US
Way back in August 2005, Yahoo had officially decided to invest $1 billion in Alibaba in exchange for about 40% stake in the company. The celebration of that announcement took place in the China World Hotel in Beijing, but
Barron's wrote last week that the Alibaba deal was likely to be a hit ("Jackpot for Alibaba," Sept. 15) because of a combination of growth, profitability, market opportunity, and a reasonable valuation based on the top end of the pricing range at that