Ma Yun: Alibaba changed three to five years will be listed in the U.S.

Sina Technology News Beijing on November 18th news, according to foreign media reports, the Alibaba CEO Ma Yun said Thursday that the Alibaba will be in the next three to five years of ipo. In September this year, Ma also said that the short term will not be listed.

Ma Yun said at the Asia Pacific Economic Cooperation summit, Alibaba will eventually go overseas listing. He said: "the biggest ideal is to own the company listed companies, there is no doubt that this is my dream. The next three to five years, Alibaba will conduct an initial public offering, may be in the United states." But Ma Yun also said that his current priority is to integrate YAHOO search business with Alibaba network, to complete this work takes about two years. Alibaba Alibaba network including e-commerce website, taobao.com auction website and Alipay electronic payment services.

Not long ago, YAHOO acquired a 40% stake in Alibaba through a series of transactions, while YAHOO's China business into Alibaba. The Alibaba then announced that the Yahoo China search business will be a large-scale expansion: a team of engineers will increase 400 to 500 based on the existing 100 people; Yahoo China 2000 servers will be transferred to the United States Chinese, and then increase the next 3000 servers. Ma Yun said: we do not want to deal with too many things at the same time, so we will consider the initial public offering after the completion of business expansion and integration."

After the completion of the transaction YAHOO Alibaba, Alibaba joined the competition China web search market, the company's main competitors in this field include international giants Google and MSN, as well as local companies Baidu and Sohu. In the field of online auction, Alibaba is facing a strong challenge eBay.

Ma Yun said that Alibaba has achieved profitability, but he did not publish detailed data. He said: "profit is not our focus in the near future, next year we earn every penny will be put into the market." Ma predicted that by 2009 Alibaba's annual revenue will reach 10 billion yuan (about $1 billion 200 million). In accordance with U.S. GAAP, Alibaba's 2004 revenue of only $46 million