Alibaba's deal-making ripples across Silicon Valley
SAN FRANCISCO (Reuters) - Alibaba Group Holding may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley.
In the past 18 months, the Chinese e-commerce giant has burrowed its way into the Valley's exclusive investment circles, snapping up sizeable stakes and board seats in fast-growing startups that could provide strategic advantages for when, not if, the company challenges Amazon.com Inc or eBay Inc on their home turf.
A United States investment team headed by cable magnate John Malone's former dealmaker, Michael Zeisser, targets stakes in e-commerce, mobile and logistics-focused companies which combine online and offline operations, people familiar with the US operations said. Alibaba's vision for the world's largest consumer market has been the subject of intense industry speculation.
Silicon Valley insiders who have held discussions with the company, which handles more online transactions than Amazon and eBay combined, say its US deals are central to its strategy of becoming the world's dominant e-tailer.
----- 7 May 2014
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Alibaba founder rallies troops for US listing
SHANGHAI (AFP) - The outspoken founder of Chinese e-commerce company Alibaba, Jack Ma, has thrown down a challenge to the world's global Internet giants and put future shareholders in their place as the firm filed for a US stock offer.
In a memo sent to employees minutes before Alibaba filed documents to the US Securities and Exchange Commission for its initial public offering (IPO), Ma described the listing as a "filling station" on the way to future development, according to a copy of it posted by the respected magazine Caijing on its website.
Alibaba declined to confirm the authenticity of the letter, but it was widely quoted by Chinese state media on Wednesday.
Alibaba has more than 20,000 employees. "Fifteen years ago, Alibaba's 18 founders were determined to set up a global Internet company originated by Chinese people, with hopes it would become one of the world's top ten Internet companies, a company which will exist for 102 years," he said - a lifespan which would mean it existed in three different centuries.
----- 7 May 2014
SAN FRANCISCO (Reuters) - Alibaba Group Holding may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley.
In the past 18 months, the Chinese e-commerce giant has burrowed its way into the Valley's exclusive investment circles, snapping up sizeable stakes and board seats in fast-growing startups that could provide strategic advantages for when, not if, the company challenges Amazon.com Inc or eBay Inc on their home turf.
A United States investment team headed by cable magnate John Malone's former dealmaker, Michael Zeisser, targets stakes in e-commerce, mobile and logistics-focused companies which combine online and offline operations, people familiar with the US operations said. Alibaba's vision for the world's largest consumer market has been the subject of intense industry speculation.
Silicon Valley insiders who have held discussions with the company, which handles more online transactions than Amazon and eBay combined, say its US deals are central to its strategy of becoming the world's dominant e-tailer.
----- 7 May 2014
*********************************************************************************
Alibaba founder rallies troops for US listing
SHANGHAI (AFP) - The outspoken founder of Chinese e-commerce company Alibaba, Jack Ma, has thrown down a challenge to the world's global Internet giants and put future shareholders in their place as the firm filed for a US stock offer.
In a memo sent to employees minutes before Alibaba filed documents to the US Securities and Exchange Commission for its initial public offering (IPO), Ma described the listing as a "filling station" on the way to future development, according to a copy of it posted by the respected magazine Caijing on its website.
Alibaba declined to confirm the authenticity of the letter, but it was widely quoted by Chinese state media on Wednesday.
Alibaba has more than 20,000 employees. "Fifteen years ago, Alibaba's 18 founders were determined to set up a global Internet company originated by Chinese people, with hopes it would become one of the world's top ten Internet companies, a company which will exist for 102 years," he said - a lifespan which would mean it existed in three different centuries.
----- 7 May 2014
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