Alibaba Group Holding’s (NYSE:BABA), a versatile and highly established chain of internet based e-commerce businesses is all set on the path of success. According to Japan’s SoftBank Corporation (OTCMKTS:SFTBY) the expected rise in income from Alibaba Group (NYSE:BABA) is close to 500 billion yen, which approximately will be $4.6 billion.  Alibaba Group (NYSE:BABA) made a smashing debut in the stock market with a 38% gain on its first day of trading.

Alibaba (NYSE:BABA) is a Chinese based company with SoftBank as its major shareholder with 32%. The CEO of the bank, Masayoshi Son has shown great trust in the company and said that SoftBank wants to own more of the company by becoming a major stakeholder. But he is also happy and satisfied with the bank’s current stake in Alibaba (NYSE:BABA). Masayoshi Son was very open with CNBC on Friday when he was asked if he would like to own more of the fast growing corporation – the reply was very simple and precise, “Of course.”

The CEO also expressed confidence in the company’s future and said that Alibaba (NYSE:BABA) is on its way to more success and accomplishments. He said that as the CEO of Japan’s SoftBank, he can assertively claim that they are extremely proud to be associated with it.  Son was very hopeful and had a satisfying opinion about the outlook of the company’s bright vision.

SoftBank made it public on a statement issued on Saturday that it would like to book a gain worth 500 billion yen in Alibaba Holding’s (NYSE:BABA); the figure will be confirmed later in near future. The Bank was very vocal and open about the fact that its association with the corporation is of great value and advantage to the bank. SoftBank being a farsighted organization is very hopeful about Alibaba Holding’s (NYSE:BABA) optimistic and bright future.

 

The first opening of Alibaba Holding’s (NYSE:BABA)’s stock was welcomed with great reviews and financial value. The shares moved forward in cost and money rapidly; investments were made with great optimism and investors were more than happy to pay for the opening share cost. In fact the early trading had to be delayed because there weren’t many sellers and the number of buyers was astounding. The share value also jumped up drastically throughout the day. The initial analysis clearly states that the market is warmly welcoming this new company.

On its very first day, the company had a historic performance at its Initial Public Offering, which may become the largest one to date. China an already growing and moving economy now has one more organization to be proud of – Alibaba Holdings (NYSE:BABA). A small business that started out locally travelled leaps and bounds to make its place within the international market.  It is expected that the company will add value to Chinese economic growth and prove highly profitable for the country. No one can ignore the fact that in China, Alibaba (NYSE:BABA) constitutes a key share of the online market; 80% of the online sales are due to Alibaba Holding’s (NYSE:BABA).

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