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Mr Ma’s stake is reportedly worth about $14bn, while the sale is expected to make millionaires out of a large number of the company’s managers, software engineers and other staff. 
Alibaba acts as an online marketplace for wholesalers, retailers, and small businesses, and handles e-payments and financial transactions. The company has also branched out into cloud computing and instant messaging. 
Alibaba has about 279 million active buyers visiting its sites at least once a month. 
Online spending by Chinese shoppers is forecast soar over the next few years. And Alibaba has plans to expand into emerging markets as well as Europe and the US. 
The firm made a profit of almost $2bn in the three months to the end of June, with sales up by 46% year-on-year to $2.54bn.buying stocks online 
’There are very few companies that are this big, grow this fast, and are this profitable,’ said Wedbush analyst Gil Luria. purchase shares