As Giant U.S. IPO Nears, Alibaba’s China E-Commerce Crown Slips

Source: Reuters

SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.

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Alibaba Founder: “The Next Five Years are the Golden Age for E-commerce” in China

HANGZHOU, China — Billionaire Jack Ma, founder of Alibaba Group Holding Ltd., said “the next five years are the golden age for e-commerce” in China, which has more online shoppers than the U.S. The value of its online retail transactions is projected to double to $411 billion by 2015.

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