Jack Ma (R), board chairman of Alibaba Group, waves as he arrives at the New York Stock Exchange on Sept. 19, 2014. Chinese e-commerce giant Alibaba is set to begin trading on the New York Stock Exchange on Friday. (Xinhua/Wang Lei)

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Alibaba's record IPO tells of China's business success

BEIJING, Sept. 19 (Xinhua) -- Chinese e-commerce giant Alibaba is set to begin trading on the New York Stock Exchange on Friday.

Raising over 20 billion U.S. dollars, the initial public offering is going to be the largest of any company on the American capital market.

But as investors and observers have noted, the significance of the IPO goes far beyond being the biggest. What Alibaba, a tech company founded only 15 years ago, has reflected is the rising power of Chinese business on the world stage.Full Story