Alibaba's IPO—almost certain to be one of history's largest—could open the gates to other Chinese companies listing on U.S. exchanges—and, in the mid- to long-term, competing against U.S. companies eye-to-eye, say analysts.
However, don't expect the next wave of companies to pack quite the punch that Alibaba's expected to have—at least not at first.
"I think it would be wise for other Chinese companies to ride on the back of Alibaba's coattail, but I don't think they'll be as successful," said Anthea Zhang, professor of strategic management at the graduate school of business at Rice University. "[Chinese companies like Alibaba] don't pose a short-term threat to U.S. businesses, but long term, I think they'll feel a threat."
One necessary trick for those other businesses is finding a way to stay as independent as Alibaba has managed to over the years.