Alibaba Faces Critical Moment Two Months after its Initial Public Offering
Two months after its record breaking initial public offering, Alibaba Group Holdings is facing their most dangerous stage according to its founder Jack Ma. This is because of the expectations was too much coming from the people from the biggest e-commerce firm.
As warning echoes several comments from Ma on the challenges that faces Alibaba from its employees becoming too complacent and have stop innovation and failing to embrace opportunities in the mobile age. As Ma is steering the company into a new business of digital entertainment and health care as the company is still adjusting to post IPO life as being the 10th largest firm in terms of market value. Two months before its initial public offering, people were thinking that the company will not be making money and now they are thinking that the will be making more than they should.
In the September initial public offering Alibaba was able to raise a record US$ 25 billion and since then the shares have risen 60 percent and during the company’s Singles Day promotion they were able to garner sales of 57 billion yuan on goods. Alibaba is also looking for Hollywood movies and television shows to further expand its video and entertainment on set yop boxes.