Alibaba's Mega U.S. IPO Would Mean Huge Things for China Travel Competition
Skift Take
This script is getting very familiar. There is a helluva competition going on in China's online, mobile and call center travel businesses, and the biggest players (Ctrip, Qunar, eLong and now Taobao Travel) are coming to the U.S. to raise some big bucks, intensifying the competition.
China's marketplace site Alibaba is vetting bankers and proceeding closer to a U.S. IPO that could net it $15 billion in proceeds, and such an injection of funds could greatly strengthen the competitive juices of Alibaba's already formidable Taobao Travel.
As Alibaba proceeds on a path toward a U.S. IPO, published reports value the company at $140 billion, and its IPO proceeds could be gargantuan -- $15 billion.
Alibaba has been inv
