Posted on 09/07/2014 10:13:06 PM PDT by 2ndDivisionVet
(VIDEO-AT-LINK)
Chinese e-commerce giant Alibaba on Friday filed to sell up to $24.3 billion in stock, making it the biggest U.S. initial public offering ever.
Alibaba is selling 123 million of the 320 million American Depositary Shares slated for the IPO at between $60 and $66 per share, according to a filing. Shareholders including Yahoo, Ma and executive vice chairman Joe Tsai are offering the remainder.
Yahoo cut its stake in the company to 16.3 percent from 22.4 percent and SoftBank cut its stake to 32.4 percent from 34.1 percent earlier, Dow Jones reported....
(Excerpt) Read more at cnbc.com ...
Unsustainable.
They sure have been talking this one up.
Alibaba is untrustworthy
I got burned.
What happened?
Never even heard of it, what is an alibaba?
You can buy 5 20-foot containers of jasmine rice from Vietnam on Alibaba, how useful is that!
High Quality Mill Direct Jasmine Rice 5% and 100% Broken Grade A and B
FOB Price:
Get Latest Price
Min.Order Quantity:
5 Twenty-Foot Container
Port:
Ho Chi Min City
Payment Terms:
L/C,T/T
The main Internet site for buying anything from China, and to a lesser extent, other Asian and Middle Eastern nations.
“Alibaba Group is a privately owned Hangzhou-based group of Internet-based e-commerce businesses including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services. In 2012, two of Alibabas portals together handled 1.1 trillion yuan ($170 billion) in sales, more than competitors eBay and Amazon.com combined.[3] The company primarily operates in the Peoples Republic of China, and in March 2013 was estimated by The Economist magazine to have a valuation between $55 billion to more than $120 billion.[3]
The group began in 1999 when Jack Ma founded the web site Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. Alibaba’s consumer-to-consumer portal Taobao, similar to eBay, features nearly a billion products and is one of the 20 most-visited websites globally. Alibaba Group’s sites account for over 60% of the parcels delivered in China.[3]
Alipay, an online payment escrow service, accounts for roughly half of all online payment transactions within China. The vast majority of these payments occur using Alibaba services.[4] The company in September 2013 was seeking an initial public offering in the United States after a deal could not be reached with Hong Kong regulators.[5] Planning took 12 months with with the IPO finally planned to hit the market in September 2014. The ticker was allocated as BABA, while the raising was expected to be $20 billion.[6]”
http://en.wikipedia.org/wiki/Alibaba_Group
http://en.wikipedia.org/wiki/Alibaba_Group
The company was founded in the current CEO, Jack Ma’s Apartment.[35] Jack Ma said, “One day I was in San Francisco in a coffee shop, and I was thinking Alibaba is a good name. And then a waitress came, and I said do you know about Alibaba? And she said yes. I said what do you know about Alibaba, and she said Alibaba and 40 thieves’. And I said yes, this is the name! Then I went onto the street and found 30 people and asked them, Do you know Alibaba? People from India, people from Germany, people from Tokyo and China They all knew about Alibaba. Alibaba open sesame. Alibaba is a kind, smart business person, and he helped the village. So easy to spell, and globally known. Alibaba opens sesame for small- to medium-sized companies. We also registered the name Alimama, in case someone wants to marry us!”[36][37
Alibaba is going to steal billions from stupid investors
Is anything in China really “privately owned?”
You got that right!
I’m still miffed about seeing 64GB USB cards advertised for 1-2 bucks each, minimum order 100.
The mark-up on those things is criminal!
Why did Ma, the founder, resign as CEO?
Why was there widespread approvals of thousands of fraudulent merchants, despite complaints: lack of internal controls, perhaps, or even worse, a corporate culture that condones fraud?
Can any of Alibaba's numbers be trusted?
A successful Alibaba IPO will tell us the market's appetite for risk.
I could see someone placing a big order and not realizing it didn’t include shipping and duty.
Alibaba.com = Cheaply made, often counterfeited Asian junk sold inexpensively in bulk.
Yes, I’ve bought some stocking stuffers from their “sister site” Aliexpress.com where you don’t have to buy in bulk.
BTW, a lot of the successful ebay sellers buy from alibaba and aliexpress.
I made some good money selling “Sons of Anarchy” patches bought for cheap and sold for a lot on ebay until FX sent me a cease and desist email for copyright violation, but not until I sold about a dozen sets.
There are a lot of other things to buy and sell that will make you money. The trick is to figure out what’s hot and what will sell and you’d be surprised at the profit margin.
The trick is to discover the latest trend early, buy a small amount of the product as a test and put it up on ebay and if it sells well, then go all in.
Find other products and repeat and watch the cash roll in.
I’m no expert, but I can see making several grand a month if someone dedicated themselves to doing this.
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