Alibaba IPO: How Alibaba's Yuebao Fund Triggers Shadow Banking Concern

In the years since Alibaba emerged as one of China's marquee tech companies, Westerners have most often likened it to Amazon or eBay. But while the Hangzhou-based company, which goes public in the U.S. on Thursday, controls more than 80 percent of China's e-commerce market, its fledgling financial arm -- known as Yuebao, or "save what's left," -- has emerged as perhaps its most intriguing, and risky, unit.