Ma’s Alibaba Defies Odds to Conquer Global Markets
The American and global scrutiny follows Jack Ma’s rise from a Hangzhou English teacher to founder of Alibaba. He framed Alibaba as competing with Silicon Valley, building a vast e commerce empire now spanning banking maps and video. The entrepreneur stepped down as CEO but remains chairman, guiding a 21 000 strong workforce and the storied Alifest culture.
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Alibaba IPO sets world record debut value near $231 billion
Alibaba debuted on the New York Stock Exchange under ticker BABA and surged about 38 percent to close near $93.89 a share. The day valued the company at $231.44 billion, topping Amazon and eBay market caps, as investors eyed its Taobao and TMall platforms and future expansion plans.
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