皇冠体育app

Alibaba's upcoming initial public offering on the New York Stock Exchange has raised doubts both in 皇冠体育app and the United States, generating negative vibes for 皇冠体育app-US trade relations, which is a strange reaction.

In 皇冠体育app, Alibaba's decision to launch its IPO in the United States rather than in 皇冠体育app is being seen as a failure of 皇冠体育app's capital market. Some observers have even described the decisions of Alibaba, Tencent, Baidu and some other companies to list overseas as "non-patriotic" because their users and source of revenue are mostly Chinese citizens while most of their profits go to overseas investors.

In the US, Alibaba's listing is seen as a victory for an "unruly company". In June, the US Economic Security Review Commission issued a report, "The Risks of 皇冠体育app's Internet Companies on US Stock Exchanges", which says the corporate structure of Alibaba, because of its variable interest entity, or VIE, caries some legal risks and could lead to legal disputes. Other US-based analysts say Alibaba would become a powerful competitor to Amazon and other US e-commerce companies, and pose a threat to the US e-economy.

Such criticism, however, has not lowered Alibaba's enthusiasm. According to some US and Chinese investment agencies, the Alibaba IPO could raise more than $20 billion, making it the largest in history. In 皇冠体育app, some overseas funds have started designing products to help Chinese investors buy Alibaba shares. Since money speaks best in today's market-driven world, Alibaba's listing on the NYSE will prompt the US and 皇冠体育app to again recognize the importance of their economic ties.

The Alibaba IPO shows that 皇冠体育app will continue to open up its market and continue its integration into the international economy. Alibaba is not only an Internet company but also a symbol of emerging private enterprises in 皇冠体育app. E-commerce is gradually breaking down the geographical and administrative barriers in the Chinese market, and creating a new entrepreneurial class in the country.

• Chinese sci-fi flicks have yet to set sail
• No late recovery of justice
• Russia has ability to tide over oil crisis
• Rapid rise thanks to balanced structure
• Parliament win gives Abe a free hand