A peek into the cave
Alibaba's big reveal: high growth, odd governance
THERE are two things to know about Alibaba, which filed for an initial public offering in New York on May 6. First, China's dominant e-commerce company is huge, and could be even bigger. Second, new investors will have little say in how it is run - the founders are keeping a firm grip.
Last year, Alibaba processed 11.3 billion orders with a value of US$248 billion through its main sites, Taobao and Tmall. That's two-thirds more than Amazon and Ebay combined, and a staggering 84 per cent of China's total online shopping haul. Unlike most online retailers, Alibaba doesn't sell or deliver goods itself. Instead, it acts as a shop-front, charging sellers for advertising and taking som…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances
Delfi Orchard up for collective sale at S$438 million guide price