China’s Amazon.com Files for IPO

    SoftBank Corp Chief Executive Masayoshi Son attends a news conference in Tokyo May 7, 2014. Son said on Wednesday that his company has no plans to sell part of its stake in Alibaba in the initial public offering of the Chinese online retailer. Son was speaking at a briefing in Tokyo after the announcement of SoftBank's earnings for the last fiscal year. REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS TELECOMS) - RTR3O3IT

    Toru Hanai/Reuters

    You might not have never heard of it, but Alibaba, China's largest ecommerce company, could be larger than Facebook, Amazon.com, or eBay. In the biggest tech IPO since Twitter, Alibaba Group is seeking to raise $1 billion in an initial public offering filed Tuesday in the U.S. The company expects to raise $15 billion to $20 billion, and a share price could value the company at $200 billion—larger than most of America's top tech companies. Alibaba is considered by investors as the best prospect for tapping into China's massive growth.

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