What exactly does Alibaba do?

Alibaba is one of the best brands of B2B e-commerce in the world, and it is also one of the largest online trading markets and business exchange communities in the world.

On the evening of September 19, 2065438, Alibaba was officially listed on the new york Stock Exchange with the stock code baba, and the price was determined to be 68 dollars per share. [1] The opening price of its shares on that day was 92.7 USD, which was 36.32% higher than the issue price [2]. As the underwriters of Alibaba Group exercised the option of over-allotment, the fund-raising scale increased by 65,438+05%, which enabled Ali to raise $25 billion in the transaction, setting the largest IPO transaction in history.