Alibaba IPO: Jack Ma set to make history with biggest tech IPO ever?
- 10 years ago
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Chinese e-commerce giant Alibaba filed in the US for its IPO this week. Analysts estimate Jack Ma's company could be valued at around $150 billion, in what could be the largest tech debut to date.
Alibaba controls 80% of China's e-commerce market. Last year, it sold $248 billion in goods, from food to Nikes to used jetliners. Alipay, Paypal's evil twin, was used in payments worth $519 billion.
Question is, why is Jack Ma listing in the US when Alibaba does all its business in China? Clearly Ma wants to get his money out of China like all good corrupt CCP officials.
Surrounded by his army of public relations lawyers, Ma has created a positive image for himself. But will the CCP continue letting Ma dominate a market they run, especially when Wall Street will be the one getting rich?
If Alibaba does venture out of China, how will it handle itself in a truly free market? What if the CCP decides to turn the faucet off for Ma? Could this end up being an Alibubble?
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Chinese e-commerce giant Alibaba filed in the US for its IPO this week. Analysts estimate Jack Ma's company could be valued at around $150 billion, in what could be the largest tech debut to date.
Alibaba controls 80% of China's e-commerce market. Last year, it sold $248 billion in goods, from food to Nikes to used jetliners. Alipay, Paypal's evil twin, was used in payments worth $519 billion.
Question is, why is Jack Ma listing in the US when Alibaba does all its business in China? Clearly Ma wants to get his money out of China like all good corrupt CCP officials.
Surrounded by his army of public relations lawyers, Ma has created a positive image for himself. But will the CCP continue letting Ma dominate a market they run, especially when Wall Street will be the one getting rich?
If Alibaba does venture out of China, how will it handle itself in a truly free market? What if the CCP decides to turn the faucet off for Ma? Could this end up being an Alibubble?
------------------------------------------------------------------------------------------
Daily videos brought to you by THE Taiwanese Animators behind the infamous Tiger Woods animation. We got the funniest animations on the web to help you stay in-the-know on all the trending stories, so sit back, relax, and watch a few.
Check out our Android app: https://play.google.com/store/apps/details?id=com.nextmedia.gan
Check out our iOS app: https://itunes.apple.com/app/tomonews/id633875353
Visit our channel for your daily dose of Taiwanese Animations:
https://www.youtube.com/user/NMAWorldEdition
Wish all your news was animated? Subscribe now:
http://www.youtube.com/subscription_center?add_user=NMAWorldEdition
Can't get enough of Taiwanese animations? Connect with us here:
Facebook http://www.facebook.com/NMAtv
Twitter @nmatv http://www.twitter.com/nmatv
Google+ http://gplus.to/NMAtv
Web http://us.tomonews.net/category/lol