Alibaba, the largest e-commerce company in Chins, is set to register at the New York Stock Exchange.
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The Hong Kong Stock Exchange would need to make a difficult decision on Alibaba's proposal to retain control after its planned IPO.
ShopRunner added to Alibaba's recent purchases made to help in the former's IPO.
The CEO of Softbank Corp said that there is no "firm plan" in place for the widely-anticipated Alibaba IPO.
Alibaba's plans to go public makes IPO the biggest since FB.
On Wednesday, Alibaba was reported to use the net proceeds of its IPO to fund more acquisitions as it wanted to broaden its mobile services.
Alibaba recently landed an US$8 billion syndicated loan as a prelude to an IPO.
Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion.
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