Alibaba’s recent deals are paving the way for its Chinese marketplace to go global
Jun05
All eyes in the tech industry are on Chinese e-commerce giant Alibaba after it finally kickstarted its long-awaited IPO by submitting its prospectus. We noted earlier that as many talked up the event, which may very well be the world’s biggest IPO potentially raising up to $20 billion, some in the US are puzzled that Alibaba hasn’t explicitly announced plans to expand its consumer-to-consumer eBay-like empire into the US — think in particular of its marketplace Taobao. On the other hand, Alibaba has always had international business-to-business operations. It also has AliExpress, which pivoted last year to allow individual consumers to purchase goods…
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