CCTV Script 23/09/14

— This is the script of CNBC's news report for China's CCTV on September 23, Tuesday.

Welcome to the CNBC Business Daily, I'm Qian Chen.

Alibaba shares down more than 4 percent today... with investors taking some profit off the table after that first day surge. The IPO is making history as the world's largest, after bankers exercised the green-shoe option. Alibaba now ranks among the biggest companies in the S&P 500.

If Alibaba closes around $93 where it opened for trade on Friday, its market value would be roughly $240 billion. That's almost the same size as Wal-Mart, which has a $245 billion market cap. Or more than four times the size of Walgreen's market cap. In fact, there are only nine companies in the S&P 500 that are bigger than Alibaba including Apple, Exxon, Google and Berkshire Hathaway.

Dominic Chu takes a closer look at what the Chinese e-commerce giant is worth in this report.

Now that we've seen alibaba's historic IPO raise the most money ever for an initial public offering, we thought it'd be interesting to show you guys the perspective of how much alibaba's worth at certain levels.

Well first of all, when it came to market, at $60 a share, it came with an inherent, at least, market value of about $170 bn. Now, to put that in perspective, that's about the same size as semi-conductor giant intel, worth about $173 bn. So, alibaba goes public and on day 1, it's worth as much as one of the biggest semi-conductor companies in the world.

Secondly, let's see where it opened. It opened just around $93 a share. You can see there. That meant that alibaba had a market value of around $240 bn and again, that's the same size as oil and gas giant chevron. So, immediately when it starts trading, the first minute, it's worth as much as one of the biggest oil companies in the world, really.

And then let's put it again, in perspective. At $95 per share, alibaba's worth $245 bn. At one point during the first day of trading, it hit there and for perspective, that means that alibaba, at that price, is worth just about as much as the world's biggest retailer walmart. So again, interesting perspective that on the first day of trading, alibaba is already up there in terms of size with the biggest companies in the world. Back over to you.

I'm Qian Chen, reporting from CNBC's Asian headquarters.

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