www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Gadgets

Alibaba's IPO architect lays out blueprint

(Agencies) Updated: 2014-04-03 11:27

Alibaba's IPO architect lays out blueprint

A worker walks past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou, Zhejiang province, August 24, 2013. [Photo/Agencies]

Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster US stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.

Joe Tsai, executive vice chairman of Alibaba Group Holding Ltd, sees an Alibaba future that stretches from banking to education, travel to entertainment. Customers will buy mutual funds using Alibaba mobile applications, safeguard homes with Alibaba insurance, and use Alibaba virtual credit cards to order goods from US websites that will arrive on China's doorsteps in 10 days.

On March 16, Alibaba said it's planning an initial public offering in the US Analysts say it could be worth more than $16 billion. That would surpass Facebook Inc's 2012 listing, valuing Alibaba at over $140 billion.

"In five to 10 years we're still going to be an e-commerce business, but the kind of things we sell on our platform will be a lot more diverse than just physical products," said Tsai in an interview with Reuters days before the IPO announcement.

"We're going to be selling digital content, there's going to be services that will flow through our platforms," he said. "Our vision is to become more a part of people's lives and fulfill all of their needs."

Alibaba already accounts for about 80 percent of all online shopping by individual consumers in China, which iResearch expects to reach 2.45 trillion yuan ($394 billion) this year.

If Alibaba has seemed unstoppable in its 15-year rise, an IPO that could make it one of the world's most important technology companies comes as the firm faces its most serious challenges so far.

Chief rival Tencent Holdings Ltd has the upper hand in mobile services, now the most important battleground for Chinese Internet companies. Alibaba's strategy of building a global e-commerce empire with its own financial services is attracting close scrutiny from China's regulators and resistance from the country's banks.

There's more riding on Tsai's ability to pull off the giant IPO than just Alibaba's fortunes. Tsai found out himself, after Facebook's debut flop, that a high-profile failure can turn investors sour on a whole sector: In what he termed a "hairy" experience, an Alibaba plan to raise $10 billion in private funding that coincided with Facebook's listing nearly went awry as investors backed away from Internet companies.

Sharp tactician

Tsai declined to discuss specifics of Alibaba's IPO or its finances but on March 12 he told Reuters Alibaba would "never" change its partnership structure to list in Hong Kong.

Alibaba's revenue climbed 60 percent to $4.9 billion for the nine months ended September, the latest period for which numbers have been published, according to filings by 24 percent shareholder Yahoo Inc. Net profit was $2.2 billion, a near eight-fold increase.

Alibaba's IPO architect lays out blueprint Alibaba's IPO architect lays out blueprint
Alibaba confirms IPO in US  Alibaba investing in US messaging startup Tango

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: www成人国产在线观看网站 | 欧美中文字幕一区二区三区 | 久久综合本色宗合一本色 | 久久观看视频 | 国产小视频在线高清播放 | 成年人色网站 | 亚洲精品视频免费看 | 国产精品色综合久久 | 国产美女操 | 男女在线免费视频 | 在线观看的黄网 | 亚洲免费小视频 | 韩国一级永久免费观看网址 | 色偷偷女男人的天堂亚洲网 | 欧美日韩专区国产精品 | 波野多结衣在线观看 | 热热涩热热狠狠色香蕉综合 | 国产欧美日韩综合精品一区二区三区 | 男人性天堂 | 黄篇网址 | 欧美成人精品大片免费流量 | 澳门一级毛片手机在线看 | 中文字幕天堂最新版在线网 | 真实国产乱子伦高清 | a级高清观看视频在线看 | 国产大片中文字幕在线观看 | 亚洲免费中文 | 免费人成在线观看播放国产 | 久久久久久久久a免费 | 国产精品免费视频一区二区三区 | 三级特黄视频 | 欧美精品另类hdvideo | 美女被免费网站在线软件 | 久久草在线视频 | 国产在线观看成人免费视频 | 精品91一区二区三区 | 67id人成国产在线 | 狼人青草久久网尹人 | 国产日韩欧美视频 | 日韩精品一区二区三区 在线观看 | 亚洲第四页 |