środa, 7 maja 2014

Behind Alibaba IPO is unlikely China success story

FILE - In this March 20, 2012 file photo, Jack Ma, chairman of China's largest e-commerce firm Alibaba Group, gestures during a conference in Hong Kong. The mammoth IPO planned by e-commerce giant Alibaba Group highlights founder Jack Ma’s improbable rise to China’s entrepreneur-in-chief. In a country where state-owned enterprises dominate business and many owe their wealth to government and Communist Party ties, Ma stands out for his huge self-made success. Alibaba, which started as a site to link Chinese manufacturers with buyers overseas, became under Ma an e-commerce behemoth that is now expanding into banking, navigation and online video. (AP Photo/Vincent Yu, File) HONG KONG (AP) — The mammoth IPO planned by e-commerce giant Alibaba Group highlights founder Jack Ma's improbable rise to China's entrepreneur-in-chief.








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