The Bottom Line
Shares of Chinese e-commerce site Alibaba-dot-com shot up 193 percent in the companyâ€™s first day of trading in Hong Kong, valuing the Internet firm at around $25.7 billion.
Shares of Chinese e-commerce site Alibaba-dot-com shot up 193 percent in the company’s first day of trading in Hong Kong, valuing the Internet firm at around $25.7 billion. Alibaba raised about $1.5 billion in the IPO, ranking it second only to Google in top e-commerce debuts. Yahoo! owns about 40 percent of Alibaba’s parent company. (MarketWatch)
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