Living in Jack's world

Alibaba’s New York IPO will shine a light on China’s business-to-consumer online sales, which CLSA predicts will hit $330 billion by 2017.
Jack Ma, the company’s executive chairman, has predicted that online retail sales will account for 30% of total retail sales in China in five years versus about 8% today.
Jack Ma, the company’s executive chairman, has predicted that online retail sales will account for 30% of total retail sales in China in five years versus about 8% today.

To say that Alibaba’s pending initial public offering is eagerly awaited is an understatement.

As far as new listings go, it looks set to be one of the largest ever with an expected deal size of as much as $15 billion and a valuation approaching or possibly even exceeding the $100 billion mark.

As a result, global chief executives of most major investment banks have been travelling to Hong Kong and Alibaba’s headquarters in Hangzhou in a steady stream this year to meet the management and pitch for a role on the deal.

The IPO is also creating a lot of buzz among investors...

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