Financial Times – Beyond Brics 14 May 2013
The media and netizens alike have been chatting up a storm about the upcoming Alibaba IPO. Even though the offer has not been officially announced, estimates of the company’s potential value once it is listed on the Hong Kong Stock Exchange have literally doubled in the past six months.
Is this a repeat of the frenzy that accompanied Facebook’s IPO, which ended in crashing disappointment when the stock plunged after the sale? Or can Alibaba Group make a better fist of handling the market?
Just like Ali Baba, who foiled the 40 thieves and gained access to a magical cave of treasures, there are no indications to date that Alibaba’s easy access to the Chinese internet market and the online world will abate.
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Alibaba: master of the treasure cave
