Alibaba.com planning to launch an IPO: Wall Street Journal

Alibaba.com planning to launch an IPO: Wall Street Journal

News media group Wall Street Journal has revealed that the Chinese internet company Alibaba.com is considering launching an initial public offering (IPO) for one of its business units.

Alibaba is one of the dominating internet companies in China which is currently the second largest internet markets in the world after the United States.

They operate the B2B service Alibaba.com and the consumer auction site Taobao. They are also the operators of the Yahoo’s Chinese internet division.

The report published in the WSJ reported that the company aims to take only its business-to-business unit public.

Alibaba has officially declined to comment on this report in the paper which cited an unnamed company source.

Alibaba CEO Jack Ma was quoted as saying in the media last year about potential plans to launch an IPO: “We spent $750 million to buy out all the small investors and let our long-time employees cash out. This is why it’s not urgent for us to go public.”