While Google dominates the top slot in search both in the U.S. and worldwide, with a global search market share of 62 percent, there is still a lot of elbowing going on below, especially when you look beyond the U.S. In a comScore ranking of the top-10 global search engines as measured by number of searches during the month of December, 2007, Yahoo comes in at a distant No. 2 with only 13 percent… → Read More
Mitch Free has a knack for attracting high-profile investors to his manufacturing marketplace, MFG.com. First, Jeff Bezos convinced Free to back out of a previous agreement to sell the company and personally invested $14 million in September, 2005. Then Bezos put in some more money along with the German Samwer brothers (who founded Alando, Jamba, and invested in Studivz) in a $4 million round in… → Read More
The IPO of Alibaba.com hit the Hong Kong Stock Exchange Tuesday (local time) with a big increase over its initial offering price. Alibaba.com is a spinoff from the Alibaba Group, the company that owns Alipay, Taobao.com and Yahoo China and is 40% owned by Yahoo. Applications for shares in the IPO were 256x the amount of stock available, 858.9 million shares or 17% of the company. The IPO price was… → Read More
China’s high-flying Internet stocks are about to get a major addition when B2B marketplace Alibaba goes public on November 6. The IPO is on track to raise $1.5 billion for the Chinese Internet company, according to Bloomberg. That would make it the second-biggest Internet IPO ever, after Google’s $1.9 billion offering in 2004. Alibaba, which was founded by Chinese celebpreneur Jack Ma… → Read More
Chinese ecommerce company Alibaba.com is looking to raise HK$10.3 billion ($1.3 billion) from its IPO according to documents released to potential investors today. Alibaba.com Ltd. and Alibaba.com Corp. will sell a combined 858.9 million shares (17%) in Alibaba.com at HK$10 to HK$12 apiece, with Yahoo, currently a 40% share holder in the Alibaba Group buying HK$776 million of the IPO shares… → Read More
Chinese ecommerce group Alibaba has confirmed preparations for an IPO of Alibaba.com. Alibaba.com shares will be listed on the Hong Kong Stock Exchange in the third quarter and the IPO is expected to raise HK $7.8 billion (US $1 billion). Alibaba has said that they would be using the additional capital to expand their international footprint. The IPO will see the partial spin-off of Alibaba.com… → Read More
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