Alibaba’s IPO Means Consumer Tech Innovations From Asia Can’t Be Ignored Anymore

Uncategorized

TechCrunch

Asia’s tech companies still have a reputation in the West for being copycats. But Alibaba’s massive IPO is proof that consumer tech innovations from Asia can no longer be ignored.

Alibaba finally filed for its highly anticipated initial public offering this afternoon. The IPO is widely expected to surpass the $16.4 billion raised in 2012 by Facebook. The public offering means several big Silicon Valley players will be rolling in dough, most notably Yahoo, which owns a 24% stake in Alibaba.

Media coverage of the IPO, however, has been relatively quiet. That may be because Alibaba is still best known abroad for its unglamorous flagship product, Alibaba.com, a business-to-business wholesale site.

Over the last 18 months, however, perceptions of Asian consumer tech companies have begun to shift.

Alibaba’s tech peers in Asia, including Tencent, Xiaomi, and Baidu still face challenges as they build an international user base, but…

View original post 1,739 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s