Browsing: Jack Ma

Greed is still good. Wall Street has just witnessed its largest ever stock market launch as Chinese Internet giant Alibaba raised some US$25bn and watched its share price rise by 35% on its first day’s trading. It says

As Internet access spread across the globe, a handful of giant American corporations ended up dominating industries. Google in search, Amazon in online shopping and Facebook in social networking. The one market that has proved consistently immune to these titans is China. Now, one of China’s homegrown Internet giants