Wall Street Opens Doors For Alibaba

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Alibaba shares rise 36 percent to open at $92.70 in its much anticipated public debut on the New York Stock Exchange

It's expected to be the biggest IPO, initial public offering, in US history, with a stock price making Alibaba more valuable than its rivals Amazon and eBay.

Despite the strong investor interest, there are also concerns about the company:

  • Can Alibaba keep its dominant position in China as it faces more competition, especially on mobile platforms?
  • Can Alibaba compete outside of China?
  • Are Alibaba's accounting practices reliable?
  • Does Alibaba have a strategy behind its recent and expensive buying spree?
  • Is Alibaba's corporate governance a liability?

Zoe Chace, a reporter with NPR's Planet Money team, joins Here & Now's Robin Young to discuss the much awaited IPO.


This segment aired on September 19, 2014.


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