Early Alibaba Group Holding Ltd (BABA) Investor Discusses IPO

In an interview with Bloomberg‘s Emily Chang and Cory Johnson, GGV Capital Managing Partner and person responsible for connecting Jack Ma to Jerry Yang leading to the landmark transaction between Yahoo! Inc. ( YHOO) and Alibaba Group Holding Ltd ( BABA), Hans Tung said Alibaba is a ‘very focused’ company and expects them to focus more on emerging areas such a digital goods as in gaming or in financial services, logistics, search or cross-border commerce.

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Will Alibaba Use Proceeds From IPO to Buy Yahoo?

Early Alibaba Investor on how the partnership came to be between Alibaba and Yahoo!:

“It’s a great question. GGV become investor in Alibaba back in 2003, and in 2005 played a role in connecting Jack and Jerry. As a matter of fact, I’m on the board of inaudible, which was a very - has been a very active organization facilitating cross-border activities between US and China. And inaudible and GGV had a CEO summit back in 2005 and then that’s when Jack and Jerry met up with each other and had a long conversation, heart to heart talks, and decided that it makes sense for the two to team up. And one plus one equals bigger than two in China. And back then the valuation for Alibaba was $5 billion for the entire company. In fact, Jack took a lower offer in order to have control of the company back in 2005. And today we’re looking at possibly a $165 billion market cap company. That’s amazing growth in the past nine years.”

Early Alibaba Investor on how Jack Ma and Jerry Yang initially worked together:

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