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Alibaba Files for Much-Anticipated IPO

2014-05-07 18:13:24| TechNewsWorld

Chinese e-commerce behemoth Alibaba filed an initial public offering prospectus Tuesday, inching closer to what could be the biggest technology IPO in history. Alibaba Group handles 80 percent of all online commerce in China; it processed some $250 billion worth of transactions for 231 million users in 2013. The company's market value has been estimated as high as $200 billion.

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