Alibaba to presumably file for US IPO

Thursday 17 April 2014 08:13 CET | News

China-based ecommerce company Alibaba is allegedly expected to file the prospectus for its US initial public offering (IPO) by the end of April 2014, online media outlet reports.

The same source mentions that the IPO could be worth more than USD 16 billion.

Alibaba Group operates an online marketplaces for both international and domestic China trade, as well as China’s most popular online payment system, Alipay.

In recent news, Alibaba has partnered with media organizations to allow consumers to purchase items advertised or mentioned in newspapers, reports.

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Keywords: Alibaba, US, ecommerce
Categories: Payments & Commerce
Countries: World
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