Feeds

China's largest ecommerce site set to float

Record breaker

Top 5 reasons to deploy VMware with Tegile

Alibaba.com, China's largest ecommerce site, is to float on the stock market in what is likely to be the largest ever initial public offering by a Chinese internet firm.

Alibaba has two main strands of business: a consumer site for Chinese residents with 16 million registered users, and a business to business website - Alibaba International - which claims over 500,000 visitors every day. Only the B2B site is to float.

Alibaba International claims to offer big savings on traditional product sourcing. The vast site claims over 97,000 categories of "home supplies". Reportedly, 609 new companies have signed up today.

The site includes a TrustPass feature, to reassure buyers that the sellers are who they claim to be.

Alibaba bought Yahoo! China! in October 2005 and Yahoo! invested $1bn in the company. At the time it was valued at $4bn.

Three banks - Deutsche Bank, Goldman Sachs and Morgan Stanley - are advising the firm.

There's more on the International Herald Tribune here. ®

Beginner's guide to SSL certificates

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.