Chinese e-commerce giant Alibaba is filing for a US IPO, following ‘China’s Twitter’ Sina Weibo

Mar16

by Sindy Cator on March 16, 2014 at 5:45 pm

Posted In: Around the Web, Asia, e-commerce, Insider, microblogging

After months of speculation, Chinese e-commerce juggernaut Alibaba has finally confirmed that it has started the process of filing for an IPO in the US. In a statement sent to TNW, an Alibaba spokesperson explains that this will pave the way for the company to have a more global vision in the future: Alibaba Group has decided to commence the process of an initial public offering in the United States. This will make us a more global company and enhance the company’s transparency, as well as allow the company to continue to pursue our long-term vision and ideals. Should circumstances…