Tag Archives: baba

Alibaba Denies Founder Jack Ma Is Moving To Hong Kong

China’s Alibaba (BABA), which plans to launch a huge initial public offering on the NYSE this week, took the unusual step Wednesday of denying local news reports that its founder and executive chairman, Jack Ma, is planning to immigrate from mainland China to freer and more politically autonomous Hong Kong. “Jack Ma lives in Hangzhou (city), Zhejiang province … . He is a citizen of the Chinese mainland,” Alibaba said on its official social media

Before You Buy Alibaba, Check Out 4 Top China Stocks

While investors gear up for Alibaba Group ‘s (BABA) hotly anticipated initial public offering, don’t forget about other Chinese stocks that are worth keeping an eye on. Today’s Young Guns Screen of the Day features four hot Chinese companies that have gone public within only the last 15 years. Baidu (BIDU) is an obvious pick, and for good reason. The Chinese Internet search giant’s shares have risen over 21% since the beginning of the year. Baidu

Video: Alibaba IPO Sets Stage For U.S. Expansion

With an estimated $8 billion in net proceeds coming from its IPO this week, Alibaba will have loads of cash for its U.S. expansion. Alibaba Group (BABA) founder Jack Ma made clear his plans to build a global company when he spoke to reporters before an investor’s luncheon on Monday, ahead of the company’s initial public offering. Alibaba stock is expected to price late Thursday and start trading Friday, and it could be the largest U.S. IPO ever.