Scalper1 News
As the dominant company in China’s e-commerce market and with billions in the bank, Alibaba Group is in a strong position to extend its business operations far around the globe. Its war chest will grow much larger with the Alibaba IPO down the road. Expectations are that the company is looking to sell a 12% stake, which would make the offering around $20 billion, based on its estimated value of $168 billion, according to KraneShares, a Scalper1 News
Scalper1 News