East Asia Forum
Chinese e-commerce giant Alibaba has a track record of breaking records. It not only operates the world’s largest online business-to-business platform, but also the world’s largest online consumer marketplace. In 2004, it had the largest initial public offering (IPO) since Google on the Hong Kong Stock Exchange. In 2014, Alibaba had the biggest IPO in US history with its debut on the New York Stock Exchange on 19 September. Its founder Jack Ma -- the first mainland Chinese to appear on the cover of Forbes magazine -- and his core team have, in just 15 years, built a Chinese private company that is a global force to be reckoned with. Jack Ma is not the only Chinese entrepreneur with potential and the world may need to prepare for a wave of global Chinese companies.