CRI听力:Alibaba Set to Start Trading on NYSE, Priced at $68

The clock is now ticking towards Alibaba's big moment.

The Chinese e-commerce giant has just priced its shares at 68 US dollars.

The company will start trading on the New York Stock Exchange when the market opens on Friday under the ticker "BABA."

Alibaba, which handles more transactions than Amazon and eBay combined, has over 80 percent of China's e-commerce business.

The company's revenue in its latest quarter ending in June surged 46 percent from last year to 2 and a half billion US dollars while its earnings climbed 60 percent to nearly 1.2 billion US dollars.

For more on Alibaba's IPO, we are joined on the line by Doug Young, associate professor at Fudan University and former China company news chief at Reuters.

Doug Young, associate professor at Fudan University and former China company news chief at Reuters.

Earlier, we also spoke to another analyst on Alibaba's prospects in the US, Brendan Ahern, managing director of fund company KraneShares.

Here is his take on Alibaba's IPO prospect.

"Investors globally are looking for growth opportunities. And Alibaba is a very profitable company. The company is providing a reasonable valuation, so it offers investors to see opportunities participating with their big company that's growing rapidly, with reasonable valuation, which is very difficult to find today."

Despite being little known among US consumers, Alibaba has already taken some positions in US e-commerce market such as 21Main.com, which targets at high end e-commerce retailers.