We're going to have some numbers come out late toninght from Alibaba's big Double 12 sales. We may expect Yahoo price is going up tomorrow due to this event.
Jack Ma is planning to carry out the Double $1,000,000 strategy on Dec. 12, 2013. Alibaba is going to support one million small retailers, which have had business sales over one million dollars, to further develop their business. Hoping we can see another at least two dollars jump on Yahoo.
Alibaba IPO in New York? Not So Fast
Hong Kong Bourse Weighs a Rule Change, Reigniting Talk That Chinese Company Will List in the City
Even some board members of Hong Kong Exchange were willing to amend the IPO rules which would favor Alibaba, but they need times, maybe six months. HK Exchange need to save face to do what they have to do.
Do you really believe that Alibaba is a private company? I think Chinese Government is behind the screen.
It's obvious that Alibaba is afraid to have too many law suits in US court if IPO in New York. Hong Kong Exchange is still the first choice for Alibaba. So, this is not really bad news.
Alibaba founder Jack Ma is hoping to keep Alibaba's unconventional governance structure in place.
HONG KONG (CNNMoney)
Chinese tech darling Alibaba may issue shares in Hong Kong after all.
Just weeks after talks with exchange officials broke down, prompting Alibaba to explore options for an IPO in New York or London, both sides appear willing to discuss a compromise.
Alibaba CEO Jonathan Lu signaled that the company was slowing its preparations to go public, a move that could give Hong Kong time to amend its governance rules -- the key stumbling block last time.
"We decided to put down the issue after the last round of discussions," Alibaba CEO Jonathan Lu told the South China Morning Post on Friday.
The listing would be a major prize for any exchange. Alibaba is expected to be the first of several influential tech companies coming out of China, and its IPO could raise more than $12 billion.
Hong Kong is the preferred destination for many of China's top companies seeking to go public, and it appeared to be a natural fit for Alibaba and founder Jack Ma. But negotiations broke down in early October after regulators refused to change the rules to allow Alibaba's partners to appoint board members
Any one has ideal the New Streaming ads estimate generated $200-400M+ in Q3 is a very good number or not?
I totally agreed what's Tod said. He has good point. This coming Tuesday afternoon the price movement will prove he is right.
It's the whole tech section down, not due to any bad news out from Yahoo. Weak hands change to strong hands. Market Makers collect a lot of shares. What a happy day for those #$%$.
In the next three month, $50 range is a reasonable estimate, FB can, Yahoo too.