It is hard not to be impressed with Alibaba. After raising $25 billion in a U.S. initial public offering earlier this month, the company that was founded 15 years ago in a modest apartment in southeastern China has officially minted the biggest IPO on record. With a market value of $220 billion, Alibaba is worth more than Facebook, Amazon or eBay. And now that it has a substantial war chest, what is next for the Chinese e-commerce giant?
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