Author: Mak Yuen Teen

A Modern Day Tale of Alibaba and the 28 Partners

The Hong Kong Exchanges and Clearing Ltd (HKEx) has just shut the door on what is touted to be the most-anticipated IPO since Facebook. Alibaba, with an estimated value of US$80 billion and as much as US$120 billion according to some bullish analysts, is expected to raise as much as US$15 billion from the IPO and will now do so in the US instead.

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