Chinese ambassador to U.S. : He is thrilled President Obama will be attending Beijing . Cooperation between our two countries essential , he says . In September , Alibaba 's initial public offering listing on the New York Stock Exchange was priced at $ 68 per share , raising $ 21.8 billion for the company and investors and making it the largest U.S. IPO in history , with Yahoo the largest U.S. investor . The recent Alibaba IPO is an example of the benefits of a Chinese - American partnership , he says .
Chinese ambassador to U.S. : He is thrilled President Obama will be attending Beijing . Cooperation between our two countries essential , he says . The recent Alibaba IPO is an example of the benefits of a Chinese - American partnership , he says .