Alibaba chose to list in the U.S. because it ran into resistance from the Hong Kong Stock Exchange over rules regarding its proposed corporate governance structure. It is not clear if they'll list on the NASDAQ or NYSE.
As a company with most of our business in China, it was natural for Hong Kong to be our first choice… The question Hong Kong must address is whether it is ready to look forward as the rest of the world passes it by." Joe Tsai, Alibaba co-founder and vice chairman.
One U.S. company that stands to benefit from an Alibaba IPO is Yahoo, which bought a 40% stake in the company in 2005 for $1 billion (though it sold some of that stock back to Alibaba in 2012)I
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