Alibaba postpones IPO investor meetings: Report

Chinese e-commerce giant Alibaba has postponed the start of investor meetings for its initial public offering (IPO) by about a week, said a Bloomberg story on Sunday.

To answer questions posed by the US Securities and Exchange Commission, the meetings are expected to begin in the week of September 8, a week later than planned, said the report, quoting an unnamed person with knowledge of the matter.

With Alibaba and shareholders expected to raise as much as $20 billion, the IPO has the potential to be the largest offering in US history.

Jack Ma, founder and chairman of Alibaba, has been crowned China's richest man, with a net worth of $21.8 billion, according to the Bloomberg Billionaires Index.

Ma's wealth could rise even more after next month's Alibaba IPO.