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Alibaba - Global Trade and Sourcing Company


            Alibaba is a global trade and sourcing company that has just gone public with the largest IPO in the history of the United States. Jack Ma is now the 34th richest person in the world with a net worth estimated at $22 billion (Forbes"). These are big strides for the man who started this company with a small group of people in 1999. Before Jack was among the most elite people in the word he was an English teacher in Hangzhou, China. On September 19, 2014 Alibaba set the record for the largest IPO in United States history; raising over $20 billion in the first day. Alibaba is now worth more than eBay and Amazon combined with a market capitalization of $219 billion. This signifies the current strength of the Chinese economy, many investors though are worried that in 2015 the growth of the company will significantly slow as the Chinese market begins to crumble. The growth of this company in recent years has allowed it to gain more than 70% market share in Chinese e-commerce. Although Alibaba had the largest IPO in United States history this was not the first time that the company went public. The company Originally listed on the Hong Kong exchange in 2009 before becoming private again in 2012. The record breaking IPO moved Jack Ma to the number one spot for richest man in china with a net worth of 20.1 billion (Forbes").
             With such a large Chinese company gaining so much traction in the United States this can threaten companies like Amazon and Ebay. Alibaba is not just one; but rather a number of internet based Chinese companies under a single roof. For many other reasons Alibaba is a good thing for the United States. Alibaba allows small business to securely and safely contact manufacturers in China. This safety and ease of use feature gives users confidence to buy through the site. Alibaba has given small business throughout the world an easy and safe connection to china's industrial civilization.


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