Hacker Newsnew | past | comments | ask | show | jobs | submit | piettro22's commentslogin

Well....you guys have to look at the bigger picture: Alibaba was rejected by HK stock market the first time around, then Jack decided to take it to NYSE. Of course 21B is nothing in comparison to the other big brothers like Facebook, but ask yourself this question: what really is Alibaba doing in China? For one, Alibaba is about trading on the international scene, and its seed Taobao is like eBay China version; then they are into car manufacturing as well, not to mention Alipay being the paypal of modern day China....clearly, that 21B he raised can't even cover a lot of the expenditures for development. What Jack really is doing is to get his company that global recognition. Any of you can name ONE brand/company that based in China on top of your head? Well, that's what Jack is trying to do. You think he's unfocused? How about this: for someone who owns the e-commerce platform of the world's 3rd biggest country, he is utterly focused on becoming "China's international brand." Don't forget, China is the jumping board, and Jack is the pioneer. Once he claimed first, who will remember the ones from the subsequent ranks?


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: