CHINA TOPIX

Alibaba's IPO Not Open for Chinese Investors Causing Conflict of Interest

Staff Reporter   |

Sep 22, 2014 04:37 AM EDT

Alibaba's U.S. record breaking IPO has made its value soar to US$231 billion. This has made Jack Ma the richest man in China, with his shares valued at $19 billion. The company is now worth more than both eBay and Amazon combined. However, it appears that interested Chinese investors won't be able to take part in it as funding and government constraints hinder domestic parties from purchasing company shares.