Comments on: Alibaba Set to Be Second Biggest Internet IPO Ever http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/ Startup and Technology News Sat, 30 Aug 2008 12:52:30 +0000 http://wordpress.org/?v=2.5.1 By: Brent http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1729598 Brent Mon, 05 Nov 2007 21:04:27 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1729598 I want to buy stocks for Alibaba when it goes available. I live in US and not sure how to buy a stock listed in Hong Kong exchange. Anyone knows how to do that? Also, what about their pink sheet symbol etc etc? These are the terms brokerage firms I called were mentioning. I want to buy stocks for Alibaba when it goes available. I live in US and not sure how to buy a stock listed in Hong Kong exchange. Anyone knows how to do that? Also, what about their pink sheet symbol etc etc? These are the terms brokerage firms I called were mentioning.

]]> By: Aubrey http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1727030 Aubrey Sun, 04 Nov 2007 21:27:59 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1727030 I hate shark fining. I know that as a 100% fact, Alibaba supports shark fining. It is a terrible thing and should be stopped. If you want to know how terrible it is, and why we need sharks in our world, read a story that Peter Benchley wrote called The Day All The Sharks Died. It can be found in his book "Shark Life." I hate shark fining. I know that as a 100% fact, Alibaba supports shark fining. It is a terrible thing and should be stopped. If you want to know how terrible it is, and why we need sharks in our world, read a story that Peter Benchley wrote called The Day All The Sharks Died. It can be found in his book “Shark Life.”

]]> By: Ila France Porcher http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1713854 Ila France Porcher Wed, 31 Oct 2007 04:58:53 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1713854 What a comment on our business community that it is powered by criminals. Ali Baba is accumulating a whopping load of bad karma. Wait till you die, Jack Ma! Ila France Porcher French Polynesia Shark ethologist What a comment on our business community that it is powered by criminals. Ali Baba is accumulating a whopping load of bad karma. Wait till you die, Jack Ma!

Ila France Porcher
French Polynesia
Shark ethologist

]]> By: Wolfgang Leander http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1713443 Wolfgang Leander Wed, 31 Oct 2007 01:52:10 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1713443 This IPO frenzy is crazy: So many people hungry for a quick buck! Well, nothing wrong with that. But I guess you should also know that Alibaba is heavily involved in a highly controversial business: they act as online shark fin brokers. They have over 300 members who deal with shark body parts and use the Alibaba platform to hawk their merchandise. Have a look: http://www.celsias.com/2007/10/28/alibaba-com-and-yahoo-back-shark-fin-traders/ This IPO frenzy is crazy: So many people hungry for a quick buck! Well, nothing wrong with that. But I guess you should also know that Alibaba is heavily involved in a highly controversial business: they act as online shark fin brokers. They have over 300 members who deal with shark body parts and use the Alibaba platform to hawk their merchandise. Have a look:

http://www.celsias.com/2007/10.....n-traders/

]]> By: Inbox del martes 30/10 « ConsumoWeb http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1713023 Inbox del martes 30/10 « ConsumoWeb Tue, 30 Oct 2007 22:37:51 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1713023 [...] Alibaba saca su IPO al mercado (link) [...] [...] Alibaba saca su IPO al mercado (link) [...]

]]> By: HonestForum http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1711097 HonestForum Tue, 30 Oct 2007 06:06:01 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1711097 Buying Wholesale clothing from the web sucks! When I look at the clothing and accessories sections on Alibaba, I see a lot of fakes. fake true religion jeans: fake timberland shoes: fake coach handbags: fake nike's: Three years ago I began to sell designer clothing on eBay. Over a 10 month period I contacted hundreds of "suppliers". 99.9% of these people were scammers selling counterfeight goods from china. I would order wholesale lots and they would turn out to be fake. I started our own site for authentic wholesale items, but as it turns out there really aren't any suppliers who can deliver designer clothing. Today we just deal with individual items. So yea, Alibaba is rockin in the cash, but I would never recommend anybody who is interested in designer clothing to deal with them. Its just another marketplace flooded with fakes similar to ebay. Feel free to contact me if you have any questions. Dave Craige http://www.honestforum.com davidcraige --at-- gmail Buying Wholesale clothing from the web sucks!

When I look at the clothing and accessories sections on Alibaba, I see a lot of fakes.

fake true religion jeans:
fake timberland shoes:
fake coach handbags:
fake nike’s:

Three years ago I began to sell designer clothing on eBay. Over a 10 month period I contacted hundreds of “suppliers”. 99.9% of these people were scammers selling counterfeight goods from china. I would order wholesale lots and they would turn out to be fake. I started our own site for authentic wholesale items, but as it turns out there really aren’t any suppliers who can deliver designer clothing. Today we just deal with individual items.

So yea, Alibaba is rockin in the cash, but I would never recommend anybody who is interested in designer clothing to deal with them. Its just another marketplace flooded with fakes similar to ebay.

Feel free to contact me if you have any questions.

Dave Craige
http://www.honestforum.com
davidcraige –at– gmail

]]> By: fadbook http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1710640 fadbook Tue, 30 Oct 2007 02:29:17 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1710640 Yes I too heard about lot of scammers on Alibaba from somebody who has done business there. It should be used only to get leads but it is upto you to verify the quality of the lead Yes I too heard about lot of scammers on Alibaba from somebody who has done business there.
It should be used only to get leads but it is upto you to verify the quality of the lead

]]> By: Serkan / Tokyotronic http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1710028 Serkan / Tokyotronic Mon, 29 Oct 2007 21:36:56 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1710028 Don't forget Japan's uber-SNS "mixi" which raised 1.9 billion US Dollars in its IPO in September 2006. Mixi is also the first Web 2.0 company in the world which went IPO. Don’t forget Japan’s uber-SNS “mixi” which raised 1.9 billion US Dollars in its IPO in September 2006.

Mixi is also the first Web 2.0 company in the world which went IPO.

]]> By: Rajan Tawate http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709652 Rajan Tawate Mon, 29 Oct 2007 17:54:32 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709652 Looks like the next sweep of web startups will be from the asian continent. http://www.meetingflex.com Social Networking + Video - Crap Looks like the next sweep of web startups will be from the asian continent.

http://www.meetingflex.com
Social Networking + Video - Crap

]]> By: The Foo http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709633 The Foo Mon, 29 Oct 2007 17:44:34 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709633 I used Alibaba a couple of years ago and there were quite a number of scammers there. Had 3 experiences, one good and twice I was scammed and cheated (even with how careful I was -- guess was not careful enough). If not for my bank stepping in to help get my funds back and getting a local to help, I would have kissed my money goodbye. Most of the wholesalers there don't take escrow as they are from another country and their purchase terms are "payment first, send goods after". I am not sure how it is now but they really should start an option for international escrow to safeguard the buyer. In my mind, there isn't really much in place to protect/ safeguard the consumer/ buyer. Yes, there are so called gold suppliers which have to show credentials but I still question the policing the suppliers as trade licenses can still be faked. The scamming and problems I encountered were actually from those so called Gold Suppliers. My suggestion would be to have a system like what Paypal offers with its payment complaint system so that your money is at least safe and to mandate an international escrow system for suppliers (as there are huge amounts of money involved). I suspect that Alibaba also sells your email addresses to companies too (without your consent) as I am still regularly getting offers from alibaba suppliers although I closed my account more than a year ago. And I know it is from Alibaba as I used a specific email address to register on their site. Don't get me wrong, there are probably good suppliers out there too. Bottom line is that it is a good marketplace to find suppliers but a bad one interms of buyer and consumer protection as there isn't any proper policing in place. Customer service is dreadful too. If you get scammed or cheated, you are basically on your own. Is that how it is or am I missing the picture of what it supposed to be? Saying that, it must be doing pretty well to float an ipo that high but I pity the select group of buyers that experience what I have -- as there is nothing you can do about it legally. THAT is one major drawback with trading with someone from another country, especially if you aren't a big corporation without the legal muscle and money to fight against the cheaters and scammers. This sort of thing can make or break smaller companies. I used Alibaba a couple of years ago and there were quite a number of scammers there. Had 3 experiences, one good and twice I was scammed and cheated (even with how careful I was — guess was not careful enough). If not for my bank stepping in to help get my funds back and getting a local to help, I would have kissed my money goodbye.

Most of the wholesalers there don’t take escrow as they are from another country and their purchase terms are “payment first, send goods after”. I am not sure how it is now but they really should start an option for international escrow to safeguard the buyer.

In my mind, there isn’t really much in place to protect/ safeguard the consumer/ buyer. Yes, there are so called gold suppliers which have to show credentials but I still question the policing the suppliers as trade licenses can still be faked. The scamming and problems I encountered were actually from those so called Gold Suppliers. My suggestion would be to have a system like what Paypal offers with its payment complaint system so that your money is at least safe and to mandate an international escrow system for suppliers (as there are huge amounts of money involved).

I suspect that Alibaba also sells your email addresses to companies too (without your consent) as I am still regularly getting offers from alibaba suppliers although I closed my account more than a year ago. And I know it is from Alibaba as I used a specific email address to register on their site.

Don’t get me wrong, there are probably good suppliers out there too. Bottom line is that it is a good marketplace to find suppliers but a bad one interms of buyer and consumer protection as there isn’t any proper policing in place. Customer service is dreadful too. If you get scammed or cheated, you are basically on your own. Is that how it is or am I missing the picture of what it supposed to be?

Saying that, it must be doing pretty well to float an ipo that high but I pity the select group of buyers that experience what I have — as there is nothing you can do about it legally. THAT is one major drawback with trading with someone from another country, especially if you aren’t a big corporation without the legal muscle and money to fight against the cheaters and scammers. This sort of thing can make or break smaller companies.

]]> By: magnusdopus http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709596 magnusdopus Mon, 29 Oct 2007 17:11:38 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709596 It's cheaper to buy Yahoo now then buy Alibaba IPO shares later. It’s cheaper to buy Yahoo now then buy Alibaba IPO shares later.

]]> By: exapted http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709572 exapted Mon, 29 Oct 2007 17:03:20 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709572 First Alibaba.com is only the B2B portion of the Alibaba group's business. So there may be another IPO for Taobao and Alipay in the future. Is Alibaba really worth 10 billion USD or so? Or is this the big IPO for the Alibaba Group? First

Alibaba.com is only the B2B portion of the Alibaba group’s business. So there may be another IPO for Taobao and Alipay in the future. Is Alibaba really worth 10 billion USD or so? Or is this the big IPO for the Alibaba Group?

]]> By: Top Web Celebrities : Who’s getting attention online? » Blog Archive » Jack Ma: Raising Alibaba’s Standards http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709571 Top Web Celebrities : Who’s getting attention online? » Blog Archive » Jack Ma: Raising Alibaba’s Standards Mon, 29 Oct 2007 17:02:18 +0000 http://www.techcrunch.com/2007/10/29/alibaba-set-to-be-second-biggest-internet-ipo-ever/#comment-1709571 [...] technology operator, the company said in a preliminary prospectus for the Hong Kong listing. TechCrunch reports that it will be the second biggest internet IPO [...] [...] technology operator, the company said in a preliminary prospectus for the Hong Kong listing. TechCrunch reports that it will be the second biggest internet IPO [...]

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