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Alibaba Joins Top Table of Net Superpowers

Just how big is Alibaba? The Chinese juggernaut is a combination of eBay, Google, Amazon and other internet superpowers. It is enormous in China and the massive markets of North America and Europe remain almost virgin territories to be explored. Today, with papers filed for an IPO in the US for what may be America’s biggest ever float, we are a bit closer to understanding the incredible scale of this organisation. The magic number: Bloomberg has calculated that Alibaba is worth $168bn, making it second only to Google in value among internet companies.

Of course, shares go up as well as down but what’s staggering about Alibaba is the amazing potential for growth. This is a company that over the coming years is likely to tell us a great deal about the rise of China, globalisation and the balance of technology power moving away from Silicon Valley.

07-05-2014-alibaba

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Martin Veitch

Martin Veitch is Contributing Editor for IDG Connect

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