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Thanks to Alibaba and Tourism Malaysia, the China tourism market is now an open door for Malaysian tourism businesses.
Jack Ma, founder and executive chairman of Alibaba Group Holding, holds deep sway over executive and board appointments at China's biggest e-commerce company, and that influence is set to strengthen further at the firm, which is heading towards a New York IPO that is expected to raise more than US$15bil (RM47.85bil) later this year.
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.
NEW YORK: As Alibaba was preparing to sell shares to U.S. investors for the first time, Jerry Verseput tried to persuade his clients not to throw money at the giant China-based e-commerce company because he thinks IPOs are a gamble, especially those with a lot of hype.
HONG KONG: As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counselling employees on how to deal with the roughly US$41bil they could unlock through a New York listing.
HONG KONG: A media firm that Alibaba Group Holding Ltd recently bought said a review of its finances revealed possible accounting irregularities, casting doubts about the Chinese e-commerce giant’s due diligence as it prepares for a US initial public offering (IPO).
HONG KONG: Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever. So much so that, according to Thomson Reuters data, major banks skipped an estimated US$100mil in combined fees they could have made from work for other clients over the past year.