Alibaba Group Holding Ltd. founder Jack Ma on Monday sought to allay concerns about the company’s structure and expansion strategy amid a push to convince investors to buy shares in its potentially $24 billion initial public offering.
At the Waldorf Astoria hotel in New York, where Alibaba began meetings with investors ahead of its initial public offering, Mr. Ma spoke about the difficulty of getting China’s biggest e-commerce company off the ground, participants said.
He and other top executives also addressed the company’s focus on growing revenue in China rather than abroad and its relationship with its Alipay affiliate, which processes many of the transactions that are conducted through Alibaba’s myriad online marketplaces.
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Wall Street Journal via CHINA US Focus http://ift.tt/WDNUi4
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