Showing posts with label China’s Alibaba Finds Riches on Wall Street. Show all posts
Showing posts with label China’s Alibaba Finds Riches on Wall Street. Show all posts

Saturday, 20 September 2014

China’s Alibaba Finds Riches on Wall Street

Alibaba founder Jack Ma and CFO Maggie Wu react as the company's IPO begins trading at the NYSE in New York
Alibaba Group Holding Ltd founder Jack Ma and Chief Financial Officer Maggie Wu react as the company's initial public offering, under the ticker "BABA", begins trading at the New York Stock Exchange in New York, Sept. 19, 2014.

A big payday for the company and Jack Ma

In one of the many tales ofArabian Nights, a poor woodcutter named Ali Baba discovers untold treasure in a thieves’ den. On Friday, Jack Ma and his similarly named company did the same thing on the New York Stock Exchange.