ALIBABA GROUP SHOCKS U.S
Alibaba Group Limited is a Chinese public trading group. Their business is an internet based on e-commerce business which included; business to business, online web portal, online retail and payment services, shopping search engine and data centric cloud computing services. In 2012, Allibaba handled over 1.1 trillion. Yaun ($170 billion) in sales, more than their competitors, Ebay and Amazon combined. Alibaba secured It's place in history, as the highest United State's Initial Public Offer (IPO) listing . Opening offer at $68 per share, Alibaba's IPO traded on Friday at almost $25 billon deal, the largest ever, for a company listed in American Exchange. The share sales closed at $93.89 (+38.07%) in the US market