Chinese e-commerce giant Alibaba’s long-awaited IPO is finally in progress after it_submitted its prospectus on Tuesday, although the world is still no wiser about how much it will raise and which New York exchange it will list on. Much of the reportage prior to yesterday had focused on whether Silicon Valley was giving Alibaba its full attention (apparently not)_and which investors would reap the benefits of a potential $15 billion listing: a number, including Yahoo and SoftBank. With many talking up the event, some in the US may perhaps be puzzled that Alibaba hasn’t explicitly announced_plans to expand its empire...

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