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ryan vlastelica

Ryan Vlastelica

Alibaba Group Holding Ltd founder Jack Ma attends his company's initial public offering (IPO) under the ticker "BABA", at the New York Stock Exchange in New York September 19, 2014. Photo:  Reuters

Alibaba stock surges 38% on massive demand in market debut

by Liana B. Baker |Sep 20, 2014

It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 per cent of online sales in China.