Alibaba Group Holding Ltd.’s shares soared 38 percent in their first day of trading Sept. 19 as investors jumped at the chance for a piece of what is likely the largest IPO in history, in a massive bet on China’s middle class.
It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 percent of online sales in China.
Nearly unknown to most Americans, Alibaba operates China’s largest Internet shopping destination, Taobao. (Reuters)
中国のネット通販最大手、アリババ・グループは9月19日、ニューヨーク証券取引所に上場し、初取引は公開価格を38%上回った。
The Japan Times ST: October 3, 2014