Yahoo co-founder Jerry Yang at the 2008 Consumer Electronics Show in Las Vegas. Yahoo will gain nearly $8 billion from the Alibaba IPO because of its $1 billion investment in Alibaba 2005.
Alibaba founder and CEO Jack Ma has much to laugh about. Shares in the company opened Friday at $92.70 on the New York Stock Exchange. The company is now valued at more than $200 billion — that's bigger that Amazon and Facebook.
Handsome Zhang — that's his real name in Mandarin -- runs a shipping company, one of many supporting businesses spawned by East Wind village's furniture industry. The shipping business helped Zhang, 25, buy this Kia sports car.
Jack Ma speaks in Hangzhou, China, on May 10, 2013. Ma shot to fame as the founder of Alibaba, the pioneering Chinese e-commerce site that's poised to be one of the biggest tech IPOs ever when it goes public in New York.
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Alibaba Group chairman Jack Ma delivers a speech during the Softbank World 2014 annual forum in Tokyo in July. Alibaba is preparing for a multi-billion-dollar stock offer on the New York Stock Exchange.
Yoshikazu Tsuno/AFP/Getty Images
Alibaba founder Jack Ma dresses as a pop star and sings at an event to mark the 10th anniversary of China's most popular online shopping destination Taobao Marketplace, in Hangzhou on May 10, 2013.
Peter Parks /AFP/Getty Images