SAN FRANCISCO: Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed, the first step in what could be the largest technology debut in history.
Alibaba Group Holding Ltd, which powers 80% of all online commerce in the world’s second-largest economy, is expected to raise more than US$15bil (RM48.76bil), and could top the US$16bil (RM52.01bil) pulled in by Facebook Inc when it listed in 2012.
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