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Alibaba debut in HK

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Alibaba logo

(Update Nov 6) Keso wrote an interesting piece about Ma Yun and Alibaba IPO. DBANotes also has an interesting article about Alibaba IPO. The author Fenng works for Ali.

(Original) The ticker symbol is 1688.HK. It opened at HKD 30.00, a big jump from the IPO price HKD 13.50.

I have not looked at its prospectus, as I am not interested in big name IPO, nor am I an expert in B2B. Andy Yu wrote a good blog about B2B, the business Alibaba is involved in.

On the other hand, I do like the other arm of Alibaba group, the Alimama, or Ali Soft. Alimama is an online ad platform for small business. I think at some point it will challenges Baidu and Google.

Alibaba and Alimama are separate divisions of Alibaba group, the group owned and managed by big mouth Ma Yun.

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B2B Developments in China

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B2B, business to business, was a popular concept in dot com era. The idea was to connect the companies (suppliers, OEM, vendors…) using B2B software. In those days, there are a few B2B software companies such as Commerce One flied high. But B2B never grew as big as people dreamed in the US. On the other hand, Alibaba, the China company connecting Chinese manufacturers with foreign buyers, was very successful. The bar raised again recently as more players joined the party. One of them, is the Ninetowns (NINE), the company provides software for importing and exporting in China. The following is I saw from Andy Yu’s blog (in Chinese, see below).

We all know in business especially foreign trade, trust is very important. Essentially TooToo is creating its own rank system for the Chinese exporters. They have the raw data when providing the software and services for Chinese companies, and the rank is based on those data. When foreign buyers see an exporter is certified by TooToo, or “China Qualified Supplier”,  they can worry less about the quality etc. TooToo (Ninetowns) essentially is trying to create a credit report for the Chinese suppliers. Continue reading B2B Developments in China