Alibaba acquired Chinese video service Youku Tudou for $3.6 billion.
As a result, the Alibaba stock price is up because of the acquisition offer.
By Jack Delaney, Associate Editor, Money Morning -
Alibaba acquired Chinese video service Youku Tudou for $3.6 billion.
As a result, the Alibaba stock price is up because of the acquisition offer.
By Jack Delaney, Associate Editor, Money Morning -
Alibaba acquired Chinese video service Youku Tudou for $3.6 billion.
As a result, the Alibaba stock price is up because of the acquisition offer.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The Alibaba stock price has climbed 15.3% in October and is up another 2.9% today (Thursday) after the company released a letter to shareholders reassuring them of the company's growth prospects.
But since November, the Alibaba stock price has fallen roughly 45% amid concerns over a slowing economy in China.
Today, Alibaba Chairman Jack Ma's letter addressed those bearish concerns.
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Chinese billionaire Jack Ma just shelled out $23 million for a property in New York's Adirondacks that was once owned by William A. Rockefeller, Jr.
But that's no dent in Ma's overstuffed wallet. The co-founder and acting chairman of Alibaba is both the richest man in China and the 18th richest in the world.
By Money Morning Staff Reports, Money Morning -
Jack Ma is the founder of Alibaba Group Holding Ltd. (NYSE: BABA) and the man that has turned Alibaba into the largest e-commerce company in the world's largest e-commerce money.
And now he's the man behind that Alibaba IPO - a deal that could end up being the largest initial public offering in history.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The Alibaba IPO date is still at least two weeks away, but Alibaba's Chairman and co-founder Jack Ma is already feeling the impact of the massive IPO.
According to the Bloomberg's Billionaire Index, Ma's net worth has been calculated at $21.9 billion, making him China's wealthiest citizen - by a wide margin.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
The Alibaba IPO in 2014 will be one of the largest Internet IPOs of all time, and could even eclipse the $16 billion public offering of Facebook Inc. (Nasdaq: FB) from 2012.
While Jack Ma may not be a household name in the U.S. yet, it will be soon. Especially as the Alibaba IPO date approaches.