Alibaba IPO Soars

By Digital Trends Staff Published October 25, 2009

Alibaba IPO Soars Alibaba.com, the largest business-to-business portal in China underwent its first day of public share trading in Honk Kong, and the results exceeded allexpectations, as the price tripled, raising $1.5 billion. It was the biggest Internet offering since Google went public three years ago. Alibaba.com also owns auction site Taobao, which eclipses eBay in China,as well as the online payment service Alipay. The original offer price of shares wasHK$13.5, but it opened at HK$30and closed at HK$39.5, a gain of nearly 193 per cent, making the shares the largest first-day surge on the exchange this year. The offering was reportedly 257times oversubscribed. The closing price makes it one of the most expensive stocks on the Hong Kong exchange. The closing stock price of HK$39.5 means that Alibaba.com is valued at $25.6bn,leaping it into fifth place among global Internet companies. It also makes it the biggest Internet company in Asia, except for Japan.

Digital Trends Staff

Digital Trends has a simple mission: to help readers easily understand how tech affects the way they live. We are your…

Mobile

PayPal vs. Venmo vs. Cash App vs. Apple Cash: which app should you use?

PayPal, Venmo, Cash App, and Apple Wallet apps on an iPhone.

We’re getting closer every day to an entirely cashless society. While some folks may still carry around a few bucks for emergencies, electronic payments are accepted nearly everywhere, and as mobile wallets expand, even traditional credit and debit cards are starting to fall by the wayside.

That means many of us are past the days of tossing a few bills onto the table to pay our share of a restaurant tab or slipping our pal a couple of bucks to help them out. Now, even those things are more easily doable from our smartphones than our physical wallets.

Computing

How to change margins in Google Docs

Laptop Working from Home

When you create a document in Google Docs, you may need to adjust the space between the edge of the page and the content --- the margins. For instance, many professors have requirements for the margin sizes you must use for college papers.

You can easily change the left, right, top, and bottom margins in Google Docs and have a few different ways to do it.

Computing

What is Microsoft Teams? How to use the collaboration app

A close-up of someone using Microsoft Teams on a laptop for a videoconference.

Online team collaboration is the new norm as companies spread their workforce across the globe. Gone are the days of primarily relying on group emails, as teams can now work together in real time using an instant chat-style interface, no matter where they are.

Using Microsoft Teams affords video conferencing, real-time discussions, document sharing and editing, and more for companies and corporations. It's one of many collaboration tools designed to bring company workers together in an online space. It’s not designed for communicating with family and friends, but for colleagues and clients.