E-commerce Giant Alibaba Registers Record Sales on the Singles Day Shopping Event

Alibaba, the Chinese e-commerce behemoth managed a record sale of goods worth more than $9.34 billion on November 11th which is aptly known as the Singles Day. It is a marketing gimmick which most e-commerce sites conduct by giving away goods at unbelievable discounts. On the Singles Day they encouraged people who are not in… Continue reading E-commerce Giant Alibaba Registers Record Sales on the Singles Day Shopping Event

Softbank Announces Changes In Equity Interest Due To Alibaba NYSE Debut

SoftBank Mobile Communications Company and Subsidiaries.

Softbank is expected to gain 500 billion yen or $4.6 billion USD from Alibaba Group Holding’s share in the New York Stock Exchange (NYSE).  Alibaba (Alibaba document) entered the NYSE with an end trade price of $98.89 dollars a share, a 38% percent gain of the evaluation on Friday September 19, 2014.  Alibaba (NYSE: symbol… Continue reading Softbank Announces Changes In Equity Interest Due To Alibaba NYSE Debut

A Dragon Company From China Alibaba Files for the Largest IPO in US History

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Alibaba Group is trying to raise $24.3 billion dollars for it’s upcoming initial public offering (IPO).   An IPO is when the company offers shares to be sold to the public on the securities exchange. For more details on Alibaba’s IPO information follow this link: Alibaba IPO. There is no actual set date for the launch… Continue reading A Dragon Company From China Alibaba Files for the Largest IPO in US History