The Power Behind Alibaba Success
James Gordon | On 08, Sep 2014
Alibaba is the largest Chinese eCommerce giant and it could add more pure cash energy to it`s bank account, after announced plans for an initial public offering (IPO) on the New York Stock Exchange.
According to the statistics, if Alibaba sales all 368,000 shares it could attract around $24,3 billions. This will be the biggest IPO in the history of the stock market in United States. It will pass companies like:
– Visa 2008 ($17,9 billions)
– General Motors 2010 ($15,8 billions)
– Facebook 2012 ($13 billions)
– Twitter 2013 ($18 billions)
But, what exactly lies behind the success of Alibaba?
Watch the video and get some idea of this unique business model.