Print 20 comment(s) - last by Samus.. on Nov 9 at 5:30 AM

Alibaba is cooked up a bit of magic with its stock debut.

Asian internet firm Alibaba has been gaining significant attention since its energetic debut Tuesday on the Hong Kong stock market.

The debut generated $1.5 billion USD for 858.9 million shares.  This figure seems eerily similar to Google's $1.66 billion USD debut in 2004. Investors saw stock prices triple within hours as a flurry of activity occurred.

Alibaba is an ecommerce site which connects Asian manufacturers, big and small,with people who need their products.  Users of the popular site can request a certain product and Alibaba will seek out a manufacturer.

While Alibaba, the second largest internet company in Asia draws comparisons to Google, these speculations do not involve Alibaba become a competitor to Google.  The pair have very different market sectors, with Google mostly focusing on search engines, advertising and free email services.

The real battle appears to be between Google and another Asian company, Baidu, which is the number one search engine in China.  Google meanwhile is second and is constantly looking to boost its position.  Earlier this year it was reported by DailyTech that Google was building a new center in Shanghai.

Alibaba does however have some aspirations of taking on Google according to its founder.  Similar to Google, Alibaba hopes to gain general world web domination, not limited to just one market sector.  Its founder, Jack Ma explains "I want to turn the company into a leading e-commerce platform for China, Asia and even the world." 

Yahoo currently has a 40 percent interest in Alibaba and Alibaba owns Yahoo China, a confusing situation to say the least.  Jack Ma discussed the acquisition of Yahoo China to reporters in 2005, saying challengingly toGoogle, "We will use all the resources we have to focus on search in the next two to three years in China. ...We already won (over) eBay. We already bought Yahoo! and the money is to stop Google."

Yahoo China is the third largest search engine in China currently, despite being a target of some recent lawsuits of RIAA parent organization IFPI, as reported here at DailyTech.

Rob Enderle, a principal analyst at the Enderle Group, argues that Alibaba and other regional internet firms stand a real threat to Google. "Undoubtedly, Google will be nibbled to death by turkeys because a lot of folks can come in and niche them out by region and bleed Google through that niche,” said Enderle.“They're going to have to address this at some point.  For Google who's a global player, they have to try to kind of be the best at doing everything. That means that some other company will be the best at doing something."

Alibaba also owns eBay-esque Taobaba, PayPal-esque Alipay, and Chinese IT and tech software firm Alisoft.

With such a strong debut and a broad portfolio of holdings, it’s likely Alibaba won't remain unnoticed by the West for long.

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By Quiksel on 11/8/2007 9:42:48 AM , Rating: 5
props on that pic!

Man, I loved the music from the movie. Good memories.

RE: ahahahahahaha
By ninjit on 11/8/07, Rating: -1
RE: ahahahahahaha
By fk49 on 11/8/2007 3:51:58 PM , Rating: 2
Hey don't be so quick to hate. Open your eyes to a whole new world!

RE: ahahahahahaha
By mgambrell on 11/8/2007 5:19:13 PM , Rating: 2
wtf ninjit? You have to look pretty hard to find someone who _doesnt_ have fond memories of whatever disney movies were coming out when they were a kid.

RE: ahahahahahaha
By Kanti on 11/8/07, Rating: -1
RE: ahahahahahaha
By Cuddlez on 11/8/2007 11:09:19 PM , Rating: 2
I can't believe you guys are ripping on someone for liking a Disney Movie. Just because he has a fond memory of his childhood, which happens to include watching Aladdin, doesn't mean you guys can bring him down. I mean wth were you beaten as a child while your parents sang "Never had a friend like me"?

RE: ahahahahahaha
By Samus on 11/9/2007 5:30:38 AM , Rating: 3
I happen to love Disney movies, even as an adult, and I'm still better than everyone here ;)

From a American's point of view
By MADAOO7 on 11/8/2007 1:54:02 PM , Rating: 2
I've been an Alibaba member for well over 3 years. It's a great site and has a lot of advantages. It allows you to instantly grab quotes from suppliers on a wide range of products. Unfortunately, on the other side, the site is riddled with fraudulent companies. Most Chinese suppliers only take wire-transfers for payment. There is never any guarantee that you will receive the products you ordered. With the ebay/paypal duo you are always protected from fraudulent purchases (for the most part, there are some exceptions). For instance back a few weeks ago you could find the overclocked GeForce 8800GTS, GTX, etc. for around ~$200 a pop. I think we all know what the going value of these cards are (at the time around $400+). Most of these Alibaba members had created their accounts in the last month or so and were "free members" , not a paying Gold Member. While I guess you are expected to be a intelligent consumers, I think that these companies need to have more stringent verification. All I am saying is that is a great site, but it has a lot of flaws.

RE: From a American's point of view
By Lifted on 11/8/2007 3:38:36 PM , Rating: 2
I use it as well, but since I am in Asia now I use it to mainly find companies and then establish a relationship with them. I don't send anybody money unless they are well known or I visit them first. People shouldn't treat the site like ebay and just send money to China without knowing anything about the company/supplier first. That's just common sense, which unfortunately many people don't use on the web.

By TimberJon on 11/8/2007 1:24:10 PM , Rating: 2
Invent something. Alibaba it. Sign on with an inter-continent management firm, and they will manage your product at the place of business where they make your product, AND market AND manage sales. The more they sell the more pay or bonus they get. The more money YOU make means the more you can dish out on more advertising, factory upgrades, or production/ product expansion. With the cost of overseas labor/manufacturing.. you just keep folding more money in to increase the output.

By therealnickdanger on 11/8/07, Rating: -1
RE: Bold
By FITCamaro on 11/8/2007 9:21:52 AM , Rating: 3
What the hell are you talking about?

RE: Bold
By RU482 on 11/8/2007 9:42:56 AM , Rating: 2
I think he's talking about Google being pecked at by turkeys

RE: Bold
By Mitch101 on 11/8/2007 10:32:15 AM , Rating: 2
I think google might be on the way out. has been picking up steam probably because of the commercials.

Ask.Com ????

Short look at for a while but is growing on me.

RE: Bold
By BladeVenom on 11/8/2007 11:38:16 AM , Rating: 2 use to be Ask Jeeves. They are older than Google, so if they are just now picking up steam, what took them so long? You have to do better than mentioning a few advertisements to convince anyone that they are even a remote threat to Google.

RE: Bold
By Mitch101 on 11/8/2007 1:49:00 PM , Rating: 2
True. It would appear that Ask's search engine has improved a lot in the last year. More than I can say about google. Google lately returns a lot of sites which just contain ads and no content. Ask isnt littered with as much junk. They might be older but Ask finally has something good.

RE: Bold
By fibbeh on 11/8/2007 11:05:44 AM , Rating: 2
Jack Ma discussed the acquisition of Yahoo China to reporters in 2005, saying challengingly toGoogle, "We will use all the resources we have to focus on search in the next two to three years in China. ...We already won (over) eBay. We already bought Yahoo! and the money is to stop Google."

RE: Bold
By Griswold on 11/8/2007 11:34:01 AM , Rating: 2
One could also call him a megalomaniac boozed by this overblown IPO that cant be backed up by real figures - like so many other IPOs in that region recently (PetroChina anyone?).

Will be interesting to see what happens when the china-bubble busts.

RE: Bold
By Pops on 11/8/2007 6:44:34 PM , Rating: 2
As an American, sometimes I find my competitive nature doing the thinking for me. I sometimes want to beat (insert any nation here) in whatever challenge they put against us. Or wishing that a company from another country will fail vs an American company.

But the truth is, having an entire economy "burst" will always be bad for everyone. If China did "burst" it would no doubt hurt us. If America did "burst" or go into recession, it will hurt the whole world, not just us.

Believe it or not, its possible for everyone to win, all nations can grow economically at the same time. Granted it would require some ideal conditions.

RE: Bold
By rudy on 11/8/2007 9:15:51 PM , Rating: 2
Kind of like googles stock?

The real problem in asia is the rampant corruption. Investing in public companies like this could pay of huge as they cook the books and work the politics, just make sure you get out before the fall.

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