ALIBABA FILES FOR ITS IPO
Chinese internet giant Alibaba has officially filed for an initial public offering. The
$1 billion fundraising target that Alibaba gives is just a placeholder and it will likely
be raising much more, according to New York Times reporter Michael de la
Merced.
Revenue for nine months ending December 31, 2013, was $ billion, up 57%
year over year. Net income over that same period was $ billion, up 305% year
over year.
Alibaba is a Chinese e-commerce company with several businesses, including
Taobao, a site similar to eBay, and Tmall, an e-commerce site for brands and
retailers.
Here are some important numbers you should know:
Founder and executive chairman Jack Ma owns an % stake in the
company.
Gross merchandise volume (GMV) was $248 billion in 2013.
It has 231 million annual active buyers, who make billion orders per
year.
In the fourth quarter of 2013, % of its GMV came from mobile, up from
% the year before.
% of total mobile retail GMV in China came from Alibaba sites, and
there were 136 million mobile monthly active users.
Alibaba had 20,884 full-time employees as of December 2013 (most of
them in China).
The company has about $8 billion in cash and short-term investments; that
number could more t
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