China's Amazon.com Files for IPO

MONEYBAGS

Updated Apr. 14, 2017 4:04PM EDT / Published May 06, 2014 5:12PM EDT

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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China's Amazon.com Files for IPO

Toru Hanai/Reuters