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Tuesday, May 6, 2014

China's Alibaba seeks blockbuster IPO in US

In this file photo taken Tuesday March 26, 2013, a worker performs shadow boxing during an open day at the Alibaba Group office in Hangzhou in east 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.