Abstract
2013 witnessed a drama involving Alibaba's shift from Hong Kong to New York for its highly anticipated listing. Alibaba is China's largest e-commerce player, akin to Amazon, eBay and PayPal, and as popular as Google, Yahoo and Facebook, but based in China with some unique Chinese characteristics. Alibaba, like its other competitors in China, is not only transforming the economy and making an impact on everyday life for the Chinese, but also leading the way in Chinese entrepreneurialism. Alibaba operates online shopping sites such as Taobao and Tmall, and a major online payment platform, AliPay, which are changing China's retail and finance sectors. Its listing raised US$21.77 billion through selling 320.1 million American depository shares with a market capitalisation of US$108 billion, making it the largest technology IPO on the New York Stock Exchange since Facebook Inc's listing in 2012, which raised US$16 billion.
| Original language | English |
|---|---|
| Pages (from-to) | 4-17 |
| Number of pages | 14 |
| Journal | International Company and Commercial Law Review |
| Volume | 26 |
| Issue number | 1 |
| Publication status | Published - 2015 |
Fingerprint
Dive into the research topics of 'Dual share plan in context : making sense of Hong Kong's decision not to embrace Alibaba's listing'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver