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Report: Alibaba Considers Taking eCommerce Business Public – PYMNTS.com

Alibaba is reportedly mulling a U.S. initial public offering (IPO) for its eCommerce unit.The Chinese tech giant is in the early stages of weighing the listing, Bloomberg reported Thursday (May 4), citing unnamed sources. The size of the IPO, which could potentially come next year, is undetermined.The company appeared to deny the report when asked for comment by PYMNTS, offering a one-sentence statement: “Currently, there is no IPO plan.”The news comes weeks after Alibaba announced it would divide itself into six pieces, which would allow it to take at least some of the new businesses public.“The original intention and fundamental purpose of… 

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