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"Chinese ecommerce giant Alibaba has filed for its US IPO. The company reported a massive 618 million users and $5.55 billion in revenue for fiscal 2013, which ran through March 31.\r\nAccording to the filing, Alibaba is seeking to raise as much as $1 billion, though that figure could change as the IPO date approaches. In fact, Alibaba's public offering\u00A0is expected to rank as\u00A0the largest tech IPO to date.\r\nAlibaba touts itself as the \u201Clargest online and mobile commerce company in the world\u201D in its Form F-1. It had $248 million in gross merchandise volume (GMV) in calendar 2013 from its three retail marketplaces, Taobao, Tmall and Juhuasuan.\r\nThe firm reported $1.73 billion in income from operations and $1.39 billion in net income\u00A0for fiscal 2013, and that's just for 2013. Alibaba's revenue numbers for 2014 are even better. In its first nine months of fiscal 2014, it raked in $6.5 billion in revenue and $3.13 billion in income from operations.\r\n\r\nWhile the initial draft of the F-1 is now public, Alibaba\u2019s IPO is still a bit of a moving target, as many of the financial specifics for the listing have yet to be filled in.\r\n2014 is shaping up as\u00A0a breakout year for Chinese tech companies. In addition to Alibaba's mega-IPO, Sina's Weibo microblogging platform is also going public in the US.\r\n\u27A4 Alibaba Form F-1\r\nSee also: What Alibaba\u2019s IPO means for e-tailing in the US\r\nImage credit: Mike Clarke / AFP / Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/asia/2014/05/06/alibaba-files-ipo-618-million-users-5-55-billion-annual-revenue/alibaba-ipo/>