China s Alibaba to Sell Stock on the New York Stock Exchange

Investors in the United States are preparing for the first public sale of stock in the Chinese company Alibaba. The company sells goods by linking buyers and sellers in the huge Chinese online market.
Alibaba is expected to make its initial public offering, called an IPO, in September on the New York Stock Exchange. The total value of the company, based in Hangzhou, has been estimated at about $200 billion. Reports from Bloomberg News say Alibaba is offering investors a 12% share of the company. That would mean the company could raise more than $20 billion in the public stock sale. After the IPO, Alibaba could become one of the most valuable technology companies in the world. The e-commerce company is responsible for most online sales in China. It dealt with more exchanges last year than U.S. companies Amazon and eBay combined. And it has more than 230 million active buyers. Scott Kennedy is director of Indiana University's Research Center for Chinese Politics and Business. He says Alibaba has grown from a very small company 15 years ago to the main online seller in China. The company holds about 80% of the Chinese online sales market. Scott Kennedy says the company is profitable, which is unusual for a technology company first offering an IPO. Alibaba has chosen to sell its stock to the public on the New York Stock Exchange, rather than in China. China is now the world's second largest market for e-commerce.

IPO stands for initial public offering.
When a private company first sells shares of stock to the public, this process is known as an initial public offering (IPO).
In essence, an IPO means that a company's ownership is transitioning from private ownership to public ownership.

Ali Baba.
Ali Baba is a woodcutter in the Arabian Nights' Entertainments who enters the cave of the Forty Thieves by using the password Sesame. The first known use of Ali Baba was in 1712.

Ali Baba is a poor woodcutter who discovers that the magic words "open sesame" will open the doors of the cave containing the treasure of the Forty Thieves.

Ali Baba is a poor woodcutter in The Arabian Nights' Entertainments who discovers that the magic words "open sesame" will open the doors of the cave containing the treasure of the Forty Thieves.

In The Arabian Nights, Ali Baba is a poor woodcutter who accidentally discovers the treasure of a band of forty thieves in a cave. He makes the door of the cave open by saying, "Open sesame!"

Ali Baba is the poor woodcutter, hero of a tale in The Arabian Nights' Entertainments, who uses the magic words "Open sesame" to open the door to the cave in which the Forty Thieves had hidden their treasure.

Ali Baba is a character in an old Arabian story who hears some thieves say 'Open Sesame!"—the magic words that open the door of the cave where they keep everything they have stolen. He steals their gold, and they try to kill him, but he is saved by his servant, Morgiana. The story is popular as a pantomime in Britain.

Stock is an uncountable noun.
Stock is the value of the shares in a company that have been sold.
Stock is an uncountable noun and is the value of the shares in a company that have been sold.
Example:
The company's stock hit an all-time high of $94.66.
There is pressure on small businesses to adopt e-commerce to stay competitive.
Supermarkets spent millions constructing dedicated warehouses from which e-commerce orders could be fulfilled.
Bloomberg is a global provider of financial news and information, including real-time and historical price data, financial data, trading news, and analyst coverage. Its services, which span its platforms of television, radio, and print, offer professional analysis tools for financial professionals.
Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China.
From the outset, the company’s founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website to help small and medium-sized enterprises in China sell internationally, Alibaba Group has grown into a digital ecosystem with businesses comprising China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, innovation initiatives, and others. The mission of Alibaba Group is "to make it easy to do business anywhere." The vision of Alibaba Group is "We aspire to be a good company that will last for 102 years. We envision that our customers will meet, work, and live at Alibaba. Our vision for fiscal year 2036 is to serve 2 billion global consumers, enable 10 million businesses to be profitable, and create 100 million jobs."