"Alibaba Group has decided to commence the process of an initial public offering in the United States," said Hangzhou, China-based e-commerce company Alibaba Group. "This will make us a more global company and enhance the companys 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.
"We wish to thank those in Hong Kong who have 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."
The China-based company controls about 80 percent of the country's e-commerce. Alibaba's planned IPO would be the highest-profile Internet listing since Facebook's $16 billion deal in 2012.
Twitter-like messaging service Weibo Corp has filed on Friday to raise $500 million via a U.S. initial public offering.
Weibo, owned by Sina Corp, warned investors in its Friday IPO filing about uncertainty arising from Chinese government regulation.
Since September, Chinese internet users who make or share information considered defamatory or false could face up to three years' jail time in China.
The company also warned about potential government intervention in its encryption tools and software.
The U.S. IPO will be handled by Goldman Sachs and Credit Suisse. The filing, which was published by the U.S. Securities and Exchange Commission on Friday, does not list a proposed IPO date or share price.
The GoDaddy Group Inc is also reportedly preparing for a second run at an initial public offering, according the Wall Street Journal.
The company is in the process of selecting underwriters for its IPO, the report claims.
The Internet domain registrar did not confirm the report.