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Alibaba has claimed the record for the largest IPO not only in the US but worldwide...

Alibaba has claimed the record for the largest IPO not only in the US but worldwide as well. What can you tell us about Alibaba?

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Alibaba group holdings limited, is a Chinese e commerce company, that deals with global customers. It opted for initial public offering on 18th September, 2014, accounting to a huge total IPO of $25 billion.

It is the first company to record highest IPO in the entire world. The strategic decisions to invest in tango, and to expand in USA, Europe, and to reach the global customers (individuals, groups, organisations) through its online platforms, made it to succeed in its business.

Alibaba group holdings limited offer variety of products to the people who can be the retailers or direct customers. They provide opportunities to businesses, and are best option for drop shipping. Thus, with a unique business model and technologically advanced concept, Alibaba became the largest online wholesaler.

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keosha answered 1 year ago
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