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Wednesday, May 7, 2014

Alibaba filed for an IPO

In the U.S. which is expected to be one of the largest in history. Forecasts on valuation range as high as $245B for the company that earns more revenue than Amazon and eBay combined. Last year, Alibaba handled about $248B in transactions. Yahoo (YHOO) has a 22.6% piece of the Alibaba pie, while SoftBank (OTCPK:SFTBF) holds 34.4%. When Alibaba debuts later this year, it will become the largest Chinese corporation to trade in the U.S.

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