Updated, 9:04 p.m. | The Chinese e-commerce behemoth AlibabaGroup filed paperwork on Tuesday in the United States to sell stock to the public for the first time, in an embrace of the global capital markets that represents a coming-of-age for China’s booming Internet industry.
“Alibaba is the fastest-growing Internet company in one of the fastest-growing economies in the world,” said Sameet Sinha, an analyst with B. Riley & Company, a boutique investment bank in Los Angeles.
