A cleaner at the headquarters of Alibaba outside Hangzhou. REUTERS / China Daily
RTVE.es / AGENCIES
The actions of the Chinese e-commerce giant Alibaba have debuted on Wall Street with a rise of 36.3% to $ 92.7 each in the involving the greater IPO of a company in the history of Wall Street .
The founder and CEO of Alibaba, Jack Ma, said he was “very honored and very happy to start trading in New York, “the financial television channel CNBC minutes after it to start the session.
Jack Ma reiterated that the Alibaba main priority is their customers, in front of employees, ranging second, and shareholders in the third , but has said he hopes to bring happiness to both its customers and shareholders.
The employer has ensured also expected that, over the years, Alibaba is able to help “change the world” , and that its business would be “bigger than Walmart” and that seems to IBM or Microsoft.
Beats by market value on Amazon
Alibaba titles started trading on the New York Stock Exchange (NYSE) almost two hours after the opening of the day, and the company has reached a market capitalization of more than 233,000 million dollars .
A market value is higher than the American Amazon , whose capitalization is around 150,000 million.
The analyst at XTB, Javier Urones explains in RNE Alibaba “by not having with own warehouses, has a higher operating margin than its competitors, especially Amazon. “
The group of internet shopping on Thursday had set the final price in 68 per share in the top of the range originally planned. By placing 320 million shares, Alibaba able to raise a 21,800 million (17,000 million euros) .
Alibaba listed on the New York Stock Exchange under the BABA symbol has starred in most public offering (IPO) in the history of Wall Street, above 19,650 million (15,100 million euros) Visa, but behind the record World which remains Agricultural Bank of China , with 22.100 million (17.100 million euros).
For the banks underwriters exercise their purchase options to meet the high demand, the amount would reach 25,000 million, which amount to 368 million shares outstanding and would be the largest IPO of the story.
Alibaba, the e-commerce giant
Founded 15 years ago by Jack Ma , the Alibaba Group operates the e-commerce portal Alibaba. com and a search engine for online shopping, eTao , in addition to its own technology insurance online payments, Alipay . In the words of Urones is “a conglomerate that combines similar to Ebay, Paypal and Amazon platforms.”
The company has at present about 279 million annual users active spread over over 190 countries and manages a year 14.500 million transactions through different portals. The Company is the absolute leader in its home country with 80% of e-commerce in China and has “great potential for business in new markets,” according Urones.
Alibaba also controls the website Taobao.com , specializes in the sale of products between individuals; Tmall.com for sales from businesses to consumers, and the website of the online travel agency Byecity.com .
2012 Alibaba retired from the Hong Kong because Parquet officials rejected his claim to allow a small group of people linked to the group nominate the majority of the board. The paradox is that this misstep has facilitated its debut on Wall Street.
The conglomerate has been restructured in 25 business units smaller , to increase their resilience in the era of mobile internet.
boasts Alibaba results . In the last quarter, which ended in June, joined 2,540 million, 46% more than the same period April 2013 to June Furthermore, the Chinese giant tripled its profit to 1,990 million dollars.
It all started with a beer
The founder of Alibaba, Jack Ma , was an English teacher and seeking “beer” and “China” on the internet found nothing . It was 1995, ran into a lot of information about American beer and German so saw an opportunity .
Ma launched a website in Chinese . Within hours of the launch, I was receiving inquiries from around the world. Internet, he thought, “It will change the world and China.”
Four years later, Ma gathered 17 friends and acquaintances at home, explained his vision and worked feverishly on a new project: a website to connect exporters with foreign buyers. Alibaba.com born in 1999 .
The rapid growth of the company quickly left the small apartment Ma and Alibaba took to be the dominant technology company in China and stand up to American competitors.
In 2003, Ebay tried to conquer the Chinese market. Ma’s response was: “Ebay is a shark in the ocean; we are a crocodile in the Yangtze River . If we fight in the ocean, we lose, but if we fight in the river, we will win. ” His reaction was to launch Taobao, a most appropriate platform for the local market in a few years pushed China off eBay.
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