The Bottom Line
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.
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)
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Today's political cartoons - April 27, 2024
Cartoons Saturday's cartoons - natural gas, fundraising with Ted Cruz, and more
By The Week US Published
-
Aid to Ukraine: too little, too late?
Talking Point House of Representatives finally 'met the moment' but some say it came too late
By The Week UK Published
-
5 generously funny cartoons on the $60 billion foreign aid package
Cartoons Artists take on Republican opposition, aid to Ukraine, and more
By The Week US Published