Alibaba issues statement, set to IPO in New York

IPO which might see it raise $500 million.. Alibaba's epayment services and online financial products like Alipay and Yu'E Bao will not be part of the IPO.(See: Wallet wars: A visual peek inside China's PayPal)Facebook ConversationFull statement from Alibaba below:Just yesterday, China's largest microblogging site, Sina Weibo (partly owned by Alibaba) also filed for its U.S. A statement issued by Alibaba today confirms that the ecommerce company will not go public visit the next website in Hong Kong. We wish to thank those in Hong Kong who have click through the following document supported Alibaba Group.We respect the viewpoints and policies of Hong Kong and will continue to pay close attention to and support the process of innovation and development of Hong Kong." commentsAlibaba Group has decided to commence the process of an initial public offering in the United States. Rather it is in process to IPO in the U.S. This will make us a more global company and enhance the company's transparency, as well as allow the company to continue to pursue our long-term vision and ideals.Should circumstances permit in the future, we will be constructive toward extending our public status in the China capital market in order to share our growth with the people of China.China's Alibaba confirms it will IPO in New York(See: Sina Weibo files for US IPO, aims to raise $500 million)Apart from what we know from the above statement, The Wall Street Journal reports that Alibaba's IPO could see it raise more than $15 billion