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Cyber Monday

Alibaba IPO Architect's E-Commerce Blueprint

Alibaba, the world's biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country's services industry, adding new users to the giant's 300 million customers.Joe Tsai, executive vice chairman of Alibaba Group Holding Ltd, sees an Alibaba future that stretches from banking to education, travel to entertainment. Customers will buy mutual funds using Alibaba mobile applications, safeguard homes with Alibaba insurance, and use Alibaba virtual credit cards to order goods from U.S. websites that will arrive on China's doorsteps in 10 days.On March 16, Alibaba said it's planning an initial public offering in the U.S. Analysts say it could be worth more than $16 billion. That would surpass Facebook Inc's 2012 listing, valuing Alibaba at over $140 billion."In five to 10 years we're still going to be an e-commerce business, but the kind of things we sell on our platform will be a lot more diverse than just phys...

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