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Chinese e-commerce giant Alibaba says has started plan for US IPO

Published on Mar 16, 2014 3:16 PM
 
Chinese e-commerce company Alibaba Group Holding Ltd said on Sunday it has decided to begin the process for an initial public offering in the United States. -- PHOTO: REUTERS

HONG KONG (REUTERS) - Chinese e-commerce company Alibaba Group Holding Ltd said on Sunday it has decided to begin the process for an initial public offering in the United States.

Alibaba also said in a statement on its corporate news website it might consider extending its public status to Chinese capital markets in future in order for local investors to be able to share in its growth.