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Tuesday, May 6, 2014

China's Alibaba seeks blockbuster IPO in US

In this May 21, 2012 file photo, men walk past the corporate logo at the headquarters compound of Alibaba Group in Hangzhou in eastern China's Zhejiang province. Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. The Tuesday, May 6, 2014 filing sets the stage for the technology industry's biggest initial public offering since short messaging service Twitter and its early investors collected $1.8 billion in its stock market debut last fall.