Jack Ma and his startup teams during the early period of the Alibaba Group

China's e-commerce giant Alibaba Group on Friday morning launched its IPO on the New York Stock Exchange (NYSE), marking its initial public offering (IPO) on Wall Street. Alibaba set its IPO price at 68 U.S. dollars per American Depositary Share, raising 21.8 billion dollars. The IPO is believed to be the biggest in the history of United States.(Photo/ People's Daily Online)