Alibaba in New York

It is the stuff of fairy tales, except that the main protagonist of the story rose to success not riding on luck but through talent and hard work. Jack Ma, the Internet entrepreneur from Hangzhou, China, who started his online marketplace Alibaba back in 1999 with just $60,000 as capital, is now the toast of Wall Street, having completed the biggest-ever initial public offer (IPO) at $25 billion.

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