The Alibaba Group debuted almost a week ago on the New York Stock Exchange instead of the country of its founder. This China e-commerce success is said to have a great confluence of lots of opportunities, expectations and demands. More importantly, Alibaba has a huge interest in accessing the Chinese market and providing transparency that lack of it is making the investing in the country quite unpredictable.
As far as the ranking of this Chinese e-commerce, Alibaba’s currently standing on top of the biggest initial public offerings in the world. For the founder and Executive Chairman of Alibaba, Jack Ma, this is such a huge accomplishment with BABA -1.90.
Jack Ma used to be an English teacher in China who struggled to open up a finance translation business and he did so by saving and raising some thousands of dollars to get started. Since he wasn’t able to list his company’s shares in Hong Kong, he did so in New York instead which fortunately became a huge success.
The fact that Alibaba made it to the listing of the world’s largest public offerings that’s beyond the reach of any average investor from China was reached by Jack Ma, should speak so much about how this country can go. Indeed, Jack Ma is a very good example to future entrepreneurs of how with very minimal support from the government, one can still create wealth and jobs-even in China with capital flow restrictions.