Alibaba.com, China’s leading e-commerce company, is planning to go public later this year in what could be the biggest initial public offering ever for a Chinese Internet company, according to the New York Times’ Shanghai correspondent, David Barboza.
It could be valued at $4 billion.
His story here.
Alibaba is 40 percent owned by Yahoo. Before Yahoo’s investment in 2005, venture capital investors provided Alibaba with more than $100 million. These include Fidelity Investments, Goldman Sachs, Granite Global Ventures and Softbank.