Daily chart: The Great IPO of China

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Alibaba’s growth from acquisitions

THE potentially biggest public share offering in history may happen as soon as next week, when Alibaba, a Chinese e-commerce site, lists on the New York Stock Exchange. It is expected to fetch as much as billion, valuing the firm at 0 billion or more. That would make it one of the largest companies in China by market capitalisation, ahead of massive banks and oil firms and three times the value of proud China Telecom. Alibaba’s growth has been impressive. But it has been partly fuelled by hasty acquisitions—more than a dozen big ones this year alone, to the tune of around billion. They are meant to plug gaps where rivals lurk, such as mapping, social media and logistics. Yet several of the larger ones are only minority stakes. Still, for investors wanting a piece of the country’s e-commerce market, this is the great platform of China.
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Thu, 2014-09-18

Source: Assets