Chinese internet giant Alibaba has officially filed for an initial public offering. The $1 billion fundraising target that Alibaba gives is just a placeholder and it will likely be raising much more, according to New York Times reporter Michael de la Merced. Revenue for nine months ending March 31, 2013, was $6.5 billion, up 57% year over year. Net income over that same period was $2.9 billion, up 305% year over year. Alibaba is a Chinese e-commerce company with several businesses, including T...
Chinese internet giant Alibaba has officially filed for an initial public offering. The $1 billion fundraising target that Alibaba gives is just a placeholder and it will likely be raising much more, according to New York Times reporter Michael de la Merced. Revenue for nine months ending March 31, 2013, was $6.5 billion, up 57% year over year. Net income over that same period was $2.9 billion, up 305% year over year. Alibaba is a Chinese e-commerce company with several businesses, including T...
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