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A recent story
Alibaba, the world's biggest e-commerce company, is preparing for its U.S. IPO after filing its prospectus. This has the potential to be the biggest tech company listing yet, according to analysts, surpassing Facebook Inc's $16 billion filing in 2012.
Alibaba.com is a new method of online sale. Fourteen years ago, however, when it called for investors, nobody wanted to consider, but one who is a Japanese investor. Today the Japanese investor may soon become the world’s richest man because he had invested US$20,000,000 for 34.4% shares of the company 14 years ago, which is much higher than that of the founder Mr Jack Ma’s holding (8%), and also higher than Yahoo.com that holds 20% shares of the company.
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