Nov 12, 2019

Singles' Day shows how Alibaba has grown

Data: Renaissance Capital; Chart: Axios Visuals

Alibaba's Singles' Day delivered roughly $38.4 billion in sales Monday, 26% higher than the previous year's total.

The intrigue: The one-day Chinese festival, a corporate-created answer to Valentine's Day, recorded sales that were billions of dollars higher than the combined total expected from Thanksgiving, Black Friday and Cyber Monday shopping in the U.S., according to projections from Adobe Analytics.

Flashback: Alibaba has come a long way from its not-so-humble stock market debut, which remains the largest but is poised to be heartily outdone if and when Saudi Aramco makes its IPO.

  • Alibaba has more than doubled its value since coming to market with a market cap of $231 billion in September 2014 to more than $486 billion today.

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Alibaba Group raises $11.2 billion in Hong Kong listing

Illustration: Aïda Amer/Axios

Alibaba Group raised around $11.2 billion via a secondary share sale in Hong Kong.

Why it matters: It's the largest Hong Kong listing in nearly a decade and returns Alibaba to the exchange where it first listed in 2007 (later it went private and then IPO'd in New York).

Go deeperArrowNov 20, 2019

Alibaba moves forward with secondary stock listing in Hong Kong

Illustration: Sarah Grillo/Axios

Alibaba Group is moving forward with a secondary stock listing in Hong Kong that could raise more than $15 billion by the end of November, per multiple media reports.

Why it matters: This would rank as the ninth-largest equity float of all time, or tenth if Saudi Aramco somehow gets out first, with Alibaba's New York IPO currently in top position.

Go deeperArrowNov 12, 2019

Oil giant Saudi Aramco sets initial IPO valuation at $1.7 trillion

The Saudi Aramco oil refinery in Saudi Arabia. Photo: Tom Stoddart/Hulton Archive/Getty Images

Saudi Arabian state-owned oil giant Saudi Aramco said in an updated prospectus Sunday that it has set an initial valuation of $1.6 trillion to $1.71 trillion.

Why it matters: The IPO could potentially be the world’s biggest, though it does fall short of Saudi Crown Prince Mohammed bin Salman's hopes of a $2 trillion valuation.

Go deeperArrowNov 17, 2019