Tuesday, September 9, 2014

Planned Largest IPO ever: Chinese prey on Amazon … – ABC Online

Planned Largest IPO ever: Chinese prey on Amazon … – ABC Online

Monday, 08.09.2014, 18:59 · FOCUS online editor Simon Che Berberich and author Cynthia Castritius
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In a few days the biggest IPO by a technology company starts. China’s online retailer Alibaba is preparing to place the deer Amazon and Ebay to rein in. FOCUS Online explains what customers and investors need to know.

On Friday evening Alibaba concretized its IPO plans. Since Monday morning, the company initially interested investors now offers 320 million shares for 60 to 66 dollars per piece. This Alibaba will initially collect up to $ 21.1 billion (16.3 billion euros). By over-allotment options (greenshoe) it might even be up to 24.3 billion at the end.

In order for the IPO would make the head and founder of the online giants, Jack Ma, finally the richest man in the People’s Republic. But an American tech company would benefit from a successful share placement powerful

FOCUS Online examines the ten most important facts you should know by now about the world’s biggest online retailer -., And as well as German investors from the Alibaba IPO benefit can

Video:. Chinese online retailer Alibaba plans record IPO

The Company

The Alibaba -Group is a giant in the Internet business. The company operates in China, among other things, the trading platform Alibaba.com, the online auction site Taobao (Chinese for “treasure hunt” and the online payment system Alipay. In the United States, Alibaba launched the online shop “11main” in the summer. Seat of the company is the East China . metropolis Hangzhou Alibaba has about 21,000 employees, virtually all sit in China

China is the largest online market in the world Three companies provide for years a race to the more than 600 million Internet users in China:.. Alibaba Tencent and Baidu. During Alibaba is mostly compared with Amazon , Tencent regarded as China’s Facebook and the search engine Baidu as China’s Google . The prospectus Alibaba According to the trading platform

The Chef

Jack Ma is the spiritual father of Alibaba. Although he lacked both technical and business knowledge, the English teacher founded the company in 1999 in his small apartment in Hangzhou. His life was bumpy. Ma twice failed the entrance exam before he was adopted in 1988 at the Pedagogical University, as Chinese media reports. He found it hard to find a job. The fast-food chain Kentucky Fried Chicken (KFC) did not hire him as a manager.

Today the 49-year-old enjoys almost cult status. For his fellow countrymen, he has long been the Bill Gates of China. Mentioned in the annual “Alifest” staff meetings is celebrated like a rock star Ma. Even the Alibaba chief young married collaborations are personally his blessing. “His eccentric performances and his abilities have a religious atmosphere among the employees of Alibaba created,” noted the financial website “Dongfang Caifuwang”. According to news agency Bloomberg Ma has his fortune already quintupled in the current year and has approximately 16.5 billion Euros assets of China’s richest citizen.



The Ebay Platt maker

Jack Ma is considered the Chinese praised, the internet giant Ebay has put in its place. His strategy described Ma as 2005: “eBay may be a shark in the ocean, but I am the crocodile in the Yangtze River. Round but if we fight in the river, we will win “Alibaba is based on trading volume claims to already greater than Ebay or Amazon 60 percent of all parcels in China result from Orders – If we take in the ocean to fight, we will lose..

Overview at alibaba

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