Are we seeing an Alibaba bubble?

The Chinese internet behemoth is now more valuable than Amazon and Facebook. Some say its good luck can't last.

Alibaba
(Image credit: (Andrew Burton/Getty Images))

Alibaba has officially conquered America.

Last week, the Chinese e-commerce giant launched the largest initial public offering in history, weighing in at a huge $25 billion after it exercised an option to sell an additional 15 percent more shares. That came in response to the stock soaring by 38 percent — from $68 per share to $93.89 at market's close — during its debut on the New York Stock Exchange on Friday.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.