On the Day of Its IPO, Here’s What Americans Think Alibaba Is [Video]

The Alibaba Group is having its initial public offering today. There is no question the "Amazon of the East" is set to make several people wealthy, including co-founders Jack Ma and Joseph Tsai (Alibaba is estimated to raise over $20 billion in its IPO).

Still, we wondered: Does anyone really know what Alibaba is? So we took to the streets of Manhattan to find out if ordinary New Yorkers have any idea.