Press Clippings: Unless you are paying zero attention to the stock market, technology, the internet, massive merchandising trends, and the coming showdown between Amazon dot com and Alibaba dot com (and if you’re reading this piece, you are not in the zero attention category), you know two things: Alibaba, China’s online shopping behemoth is going to take an IPO in the US very, very soon and, two, it’s going to be big. Very big. Very, very big. A lot of people have mucho dinero riding on the upcoming public offering of a new type of global enterprise, not the the least being Yahoo, which is looking pretty smart because it owns a 40% stake (Jerry Yang, you are still one of the all- time smart people in the Internet age). A definition: Alibaba sells stuff…lots of it. Enough to account for 70% of the package shipments in China–a country with a lot of package shipments. Get primed for this upcoming financial/retailing event by being totally informed and up to speed on what promises to be the IPO of the year. Read all about it, in this excellent, Cliff’s notes version of the Alibaba story from Bloomberg.
