If the market listing succeeds, the total equity of the group is expected to exceed $10 billion, allowing the company to overtake its rivals Tencent, Baidu and Netease in value. A successful IPO is also expected to create a number of millionaires.
Alibaba's three largest shareholders are Yahoo! Inc (40%), Jack Ma and his management team (28%) and Softbank (16%). Jack Ma calls going public "like refueling a truck so it can reach its destination - to create a great enterprise."
"Making money is not the objective, building a great company is and the money will follow." Interesting philosophy of Jack Ma.
Alibaba is the world's leading B2B marketplace wth more than 3 million members from 200 countries built in just nine years.