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

Comments

  1. Alibaba stocks17 June 2015 at 16:12

    We can expect this from Alibaba. This was quite a shock for US.

    ReplyDelete

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