By Paul Carsten and Matthew Miller HONG KONG/BEIJING (Reuters) – Alibaba, the worlds biggest e-commerce company, changed how China shops. Joe Tsai, executive vice chairman of Alibaba Group Holding Ltd, sees an Alibaba future that stretches from banking to education, travel to entertainment. Customers will buy mutual funds using Alibaba mobile applications, safeguard homes with Alibaba insurance, and use Alibaba virtual credit cards to order goods from U.S. websites that will arrive on Chinas doorsteps in 10 days. On March 16, Alibaba said its planning an initial public offering in the U.S. Analysts say it could be worth more than $16 billion.
Comments are closed.
