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Alibaba Stock Price Climbs After This Shareholder Letter Delivery (NYSE: BABA)

By , Associate Editor, Money Morning • @KyleAndersonMM -

Alibaba

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.

Alibaba's Jack Ma Just Bought 28,100 Acres in Upstate New York – Here's Why

By , Associate Editor, Money Morning • @TaraKateClarke -

jack ma

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.

Here's a look at Ma's latest expansion into the U.S. - 28,100 acres in one of America's most beautiful nature preserves - and what he intends to do with it...

Jack Ma, the Man Behind the History Alibaba IPO

By , 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.

Here’s what investors need to know about Jack Ma as Alibaba stock makes its debut on the New York Stock Exchange…

Alibaba IPO Makes Founder Jack Ma China's Richest Man – by a Wide Margin

By , Associate Editor, Money Morning • @KyleAndersonMM -

founder Jack Ma

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.

Here’s how Ma’s wealth stacks up against other Chinese billionaires, and how the Alibaba IPO will pad his lead…

Meet Jack Ma, the Man Behind the Alibaba IPO

By , Associate Editor, Money Morning • @KyleAndersonMM -

Alibaba IPO_Jack Ma

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.

Now meet the man whose innovative leadership has made Alibaba the largest e-commerce company in the world...

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